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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $ 16,800 Current assets $ 12,400 Debt $ 16,900
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $ 16,800 Current assets $ 12,400 Debt $ 16,900 Costs 10,600 Fixed assets 30,000 Equity 25,500 Taxable income $ 6,200 Total $ 42,400 Total $ 42,400 Taxes (40%) 2,480 Net income $ 3,720 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the internal growth rate?
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