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The most recent financial statements for Bello Co. are shown here: Income StatementBalance Sheet Sales 11,720 Debt15,760 12,880 Fixed assets 26,550 Equity 22,510 $19,000 Current
The most recent financial statements for Bello Co. are shown here: Income StatementBalance Sheet Sales 11,720 Debt15,760 12,880 Fixed assets 26,550 Equity 22,510 $19,000 Current Costs Taxable income 6120 $ 38.270 Total $38,270 Taxes (21%) 1,285 Net income 4.835 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 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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