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The most recent financial statements for Live Co....

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The most recent financial statements for Live Co. are shown here (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)): Income Statement Balance Sheet Sales $13,250 Current assets $10,400 Debt $17,500 Costs 9,480 Fixed assets 28,750 Equity 21,650 Taxable income $3,770 Total $39,150 Total $39,150 Taxes (40%) 1,508 Net income $2,262 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. The internal growth rate is therefore ______percent.

 

Paper#8842 | Written in 18-Jul-2015

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