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The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales $16,400 Costs 12,430 Taxable income $ 3,970 Taxes (40%)
The most recent financial statements for Burnaby Co. are shown here: Statement of Comprehensive Income Sales $16,400 Costs 12,430 Taxable income $ 3,970 Taxes (40%) 1,588 Net Income $ 2,382 Current assets Fixed assets Total Statement of Financial Position $11,200 Debt 27,000 Equity $38,200 Total $15,700 22,500 $38,200 Assets and costs are proportional to sales. Debt and equity are not Burnaby maintains a constant 30% dividend payout ratio No external equity financing is possible What is the internal growth rate? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Internal growth rate %
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