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Thank you!:) The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,300 Costs 13.900 Balance Sheet Current $ 11,980 Debt
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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,300 Costs 13.900 Balance Sheet Current $ 11,980 Debt assets Fixed assets 32,400 Equity $ 16,540 27,840 Taxable income $ 6,400 Total $44,380 Total $44,380 Taxes (21%) 1,344 Net income $ 5,056 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate %
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