The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,900...
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The most recent financial statements for Bello Co. are shown here: Income Statement Sales $20,900 Balance Sheet Current $ 12,100 Debt assets Fixed assets 35,100 Equity $ 16,900 Costs 14,400 30,300 Taxable Income $ 6,500 Total $47,200 Total $ 47,200 Taxes (25%) 1,625 Net Income $ 4.875 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 35 percent dividend payout ratlo. What is the internal growth rate? (Do not round Intermedlate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Internal growth rate 2.29 96
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