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The most recent financial information for Bens Co. is: Sales $19,700 Costs 15,250 Taxes 1,513 Net income 2,937 Current assets 3,018 Fixed assets 18,282 Debt
The most recent financial information for Bens Co. is: |
Sales | $19,700 |
Costs | 15,250 |
Taxes | 1,513 |
Net income | 2,937 |
Current assets | 3,018 |
Fixed assets | 18,282 |
Debt | 7,600 |
Equity | 10,760 |
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the internal growth rate?
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