Business, 19.02.2021 17:00 alexis3744
The most recent financial statements for Live Co. are shown here:
Income StatementBalance Sheet
Sales$4,800 Current assets$5,102 Debt$10,201
Costs
3,168
Fixed assets12,491 Equity7,392
Taxable income$1,632 Total
$17,593
Total
$17,593
Taxes (34%)555
Net income
$1,077
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible.
Required:
What is the internal growth rate?
A. 4.48%
B. 4.58%
C. 4.38%
D. 11.36%
E. 1.87%
Answers: 2
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You know the right answer?
The most recent financial statements for Live Co. are shown here:
Income StatementBalance Sheet
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