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The most recent financial statements for Apple Banana Co. are shown here: Income Statement Sales Costs Debt $ 200,000 140,000 Balance Sheet $ 120,000 280,000
The most recent financial statements for Apple Banana Co. are shown here: Income Statement Sales Costs Debt $ 200,000 140,000 Balance Sheet $ 120,000 280,000 Current assets Fixed assets $ 160,000 240,000 Equity Taxable income $ 60,000 Total $ 400,000 Total $ 400,000 Taxes (21%) 12.600 Net income $ 47,400 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. The internal growth rate is %. (Do not include percentage sign. Do not round intermediate calculations and enter your answer as a percent
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