Question
The most recent financial statements for Shinoda Manufacturing Co. are shown below: Income Statement Balance Sheet Sales $ 64,700 Current assets $ 30,500 Debt $
The most recent financial statements for Shinoda Manufacturing Co. are shown below:
Income Statement | Balance Sheet | |||||||
Sales | $ | 64,700 | Current assets | $ | 30,500 | Debt | $ | 46,700 |
Costs | 44,430 | Fixed assets | 83,400 | Equity | 67,200 | |||
Taxable income | $ | 20,270 | Total | $ | 113,900 | Total | $ | 113,900 |
Tax (40%) | 8,108 | |||||||
Net Income | $ | 12,162 | ||||||
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 48 percent dividend payout ratio. No external financing is possible. What is the ROA? (Do not round intermediate calculations. Enter your answer as a percentrounded to 2 decimal places, e.g., 32.16.) ROA % What is the internal growth rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate %
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