The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet $95,400 Current assets Sales $35,500 Debt $ 46,200 68,250 Costs Fixed assets 95,300 Equity 84,600 130,800 Taxable income $27,150 Total 2$ Total $130,800 Таx 6,245 Net Income $20,905 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate %

The most recent financial statements for Minnie's Manufacturing Co. are shown below: Income Statement Balance Sheet $95,400 Current assets Sales $35,500 Debt $ 46,200 68,250 Costs Fixed assets 95,300 Equity 84,600 130,800 Taxable income $27,150 Total 2$ Total $130,800 Таx 6,245 Net Income $20,905 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external financing is possible. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal growth rate %

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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