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The most recent financial statements for Bello Company are shown here: Income Statement Sales $ 3,000 Costs 1,980 Taxable $1,020 income Taxes (24%) 245 Net
The most recent financial statements for Bello Company are shown here: Income Statement Sales $ 3,000 Costs 1,980 Taxable $1,020 income Taxes (24%) 245 Net income $ 775 Balance Sheet Current assets $ 3,189 Debt Fixed assets 7,807 Equity $ Total Total 10,996 $ 6,376 4,620 $ 10,996 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? Multiple Choice 2.9% 4.52% 4.42% 4.32% 11.19%
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