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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $4,300 Current assets $4,570 Debt $9,138 Costs 2,838 Fixed
| The most recent financial statements for Bello Co. are shown here: |
| Income Statement | Balance Sheet | ||||
| Sales | $4,300 | Current assets | $4,570 | Debt | $9,138 |
| Costs | 2,838 | Fixed assets | 11,190 | Equity | 6,622 |
| Taxable income | $1,462 | Total | $15,760 | Total | $15,760 |
| Taxes (24%) | 351 | ||||
| Net income | $1,111 | ||||
| Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 18 percent dividend payout ratio. |
| What is the internal growth rate? |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
