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The most recent financial statements for Live Co. are shown here: Income Statement Sales $18,801 Costs $10,361 Taxable income ? Taxes (40%) ? Net Income
The most recent financial statements for Live Co. are shown here: Income Statement Sales $18,801 Costs $10,361 Taxable income ? Taxes (40%) ? Net Income ? Balance Sheet $13,198 Debt $31,869 Equity Current Asset Fixed Asset $18,918 ? Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 28 percent dividend payout ratio. No external financing is possible. What is the internal growth rate (in %)? (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 1.23456% should be entered as 1.23)
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