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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $19,900 Costs 13,600 Balance Sheet Current $ 11,900 Debt assets Fixed
The most recent financial statements for Bello Co. are shown here: Income Statement Sales $19,900 Costs 13,600 Balance Sheet Current $ 11,900 Debt assets Fixed assets 30,600 Equity $ 16,300 26,200 Taxable income $ 6,300 Total $42,500 Total $42,500 Taxes (23%) 1,449 Net income $ 4,851 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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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