Income Statement Balance Sheet Sales $ 96,600 Current assets $ 36,500 Debt $ 47,400 Costs 68,850...
| Income Statement | Balance Sheet | |||||||
| Sales | $ | 96,600 | Current assets | $ | 36,500 | Debt | $ | 47,400 |
| Costs | 68,850 | Fixed assets | 95,900 | Equity | 85,000 | |||
| Taxable income | $ | 27,750 | Total | $ | 132,400 | Total | $ | 132,400 |
| Tax | 6,938 | |||||||
| Net Income | $ | 20,812 | ||||||
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Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 40 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.) |
|
Homework Answers
Internal growth rate= ROA × b / 1-ROA × b
b= retention ratio= 1- dividend payout ratio
b=1-0.4=0.6
Return on Assets = Net income / total Assets
ROA= 20812/ 132400= 15.72%
Internal growth rate= (0.1572×0.6) /(1-(0.1572×0.6))
Internal growth rate= 0.09432/ (1-0.09432)= 10.41%
Add Answer to:
Income Statement
Balance Sheet
Sales
$
96,600
Current assets
$
36,500
Debt
$
47,400
Costs
68,850...
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3.
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2.
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