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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $18,900 Costs 12,800 Balance Sheet Current $ 11,700 Debt assets Fixed
The most recent financial statements for Bello Co. are shown here: Income Statement Sales $18,900 Costs 12,800 Balance Sheet Current $ 11,700 Debt assets Fixed assets 26,500 Equity $ 15,700 22,500 Taxable income $ 6,100 Total $38,200 Total $38,200 Taxes (21%) 1,281 Net income $ 4,819 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 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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