Intro Your company's most recent income statement and balance sheet are given below: Income statement...
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Intro Your company's most recent income statement and balance sheet are given below: Income statement ($ million) Sales 14 Costs 11.2 Net Income 2.8 Balance sheet ($ million) Current assets 12 Fixed assets 48 Total assets 60 Debt 18 Equity 42 Total 60 Sales, assets and costs are expected to grow by the same rate next year, while debt will stay constant. The company is expected to pay NO dividends next year. Part 1 IB- Attempt 1/10 for 10 pts. What is the particular growth rate for the next year, at which company will need zero external financing (EFN=0)? What is the internal growth rate? decimals Submit
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