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The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 3,900 Current assets $4,145 Debt $ 8,288 Costs
The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 3,900 Current assets $4,145 Debt $ 8,288 Costs 2,574 Fixed assets 10,149 Equity 6,006 Taxable $ $ $1,326 Total Total income 14,294 14,294 Taxes (23%) .305 Net income $1,021 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? Multiple Choice 16.2%
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