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The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 4,200 Current assets $ 4,464 Debt $ 8,926
The most recent financial statements for Bello Company are shown here:
| Income Statement | Balance Sheet | ||||
|---|---|---|---|---|---|
| Sales | $ 4,200 | Current assets | $ 4,464 | Debt | $ 8,926 |
| Costs | 2,772 | Fixed assets | 10,930 | Equity | 6,468 |
| Taxable income | $1,428 | Total | $ 15,394 | Total | $ 15,394 |
| Taxes (21%) | 300 | ||||
| Net income | $ 1,128 | ||||
| Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 34 percent dividend payout ratio. |
| What is the internal growth rate? |
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