Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
The most recent financial statements for Minnie's Manufacturing Co. are shown below. Income Statement Balance Sheet Sales $88,800 Current assets $30,000 Debt $ 39,600 Costs
The most recent financial statements for Minnie's Manufacturing Co. are shown below. Income Statement Balance Sheet Sales $88,800 Current assets $30,000 Debt $ 39,600 Costs Fixed assets 92,000 Equity 82,400 eBook Taxable income $23,850 Total $ 122,000 Total $122,000 to Hint Tax (22%) 5,247 Net Income $ 18,603 Print References Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. No external financing is possible. What is the ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) ROE What is the internal growth rate? (Do not round intermediate calculations. Enter your answer os a percent rounded to 2 decimal places, e.g. 32.16.) Intemal growth rate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started