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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable income$ 6,300 Tota Balance Sheet $20,100 Current $11,940 Debt
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable income$ 6,300 Tota Balance Sheet $20,100 Current $11,940 Debt $16,420 13,800 Fixed assets 31,500 Equity 27,020 Tota $43,440 $43,440 Taxes (21%) 1,323 Net income 4,977 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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