Question
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 16,800 Current assets $ 12,400 Debt $ 16,900
| The most recent financial statements for Schenkel 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. |
Internal growth rate _______ % ?
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Enron And World Finance A Case Study In Ethics
Authors: P. Dembinski, C. Lager, A. Cornford, J. Bonvin
1st Edition
1403947635, 978-1403947635
