The most recent financial statements for Bello Co. are shown here: ...
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Accounting
| The most recent financial statements for Bello Co. are shown here: |
| Income Statement | Balance Sheet | ||||||||||
| Sales | $ | 19,900 | Current assets | $ | 11,900 | Debt | $ | 16,300 | |||
| Costs | 13,600 | Fixed assets | 30,600 | Equity | 26,200 | ||||||
| Taxable income | $ | 6,300 | Total | $ | 42,500 | Total | $ | 42,500 | |||
| Taxes (23%) | 1,449 | ||||||||||
| Net income | $ | 4,851 | |||||||||
| Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. |
| What is the internal growth rate? |
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