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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet $19,600 13,400 Current assets$ 11,840 29,250 $16,120 24,970 Sales Debt
The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet $19,600 13,400 Current assets$ 11,840 29,250 $16,120 24,970 Sales Debt Costs Fixed assets Equity $ 41,090 Taxable income $6,200 $41,090 Total Total Taxes (24%) 1,488 $ 4,712 Net income 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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