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The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 4,700 Current assets $ 4,996 Debt $
The most recent financial statements for Bello Company are shown here: Income Statement Balance Sheet Sales $ 4,700 Current assets $ 4,996 Debt $ 9,988 Costs 3,102 Fixed assets 12,230 Equity 7,238 Taxable $ $ $1,598 Total Total income 17,226 17,226 Taxes (24%) 384 Net income $ 1,214 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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