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  3. gilmore, inc., had equity of $125,000 at the begin

Gilmore, Inc., had equity of $125,000 at the beginning of the year. At the end...

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Accounting

Gilmore, Inc., had equity of $125,000 at the beginning of the year. At the end of the year, the company had total assets of $280,000. During the year, the company sold no new equity. Net income for the year was $27,000 and dividends were $3,000.

Calculate the internal growth rate for the company.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Internal growth rate%Calculate the internal growth rate using ROA bfor beginning of period total assets.(Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

ROA b(using beginning of period assets)%Calculate the internal growth rate using ROA bfor end of period total assets.(Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

ROA b(using end of period assets)%

Please show work. Thank you!

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