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  1. business
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  3. the most recent financial statements for live co.

The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet...

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Finance

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The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales Costs Taxable income Taxes (34%) $4,000 Current assets $4,252 Debt 2,640 Fixed assets $1,360 Total $8,501 6,160 $14,661 10,409 Equity $14,661 Total 462 $898 Net income Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 18 percent dividend payout ratio. No external equity financing is possible Required What is the internal growth rate? (Do not round your intermediate calculations.) o 13.57% o 519% 1.11% o 5.29% o 5.39%

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