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The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet $20,900 Current 14,400 Fixed as 12,100 Debt
The most recent financial statements for Bello Co. are shown here: Income Statement Sales Costs Taxable Balance Sheet $20,900 Current 14,400 Fixed as 12,100 Debt $16,900 quity 30,300 $47,200 Total $47,200 assets sets 35,100 E 6,500 Total income Taxes (25%) 1,625 Net income $ 4,875 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratic. 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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