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The most recent financial statements for Live Co. are shownhere: Income Statement Balance

The most recent financial statements for Live Co. are shownhere: Income Statement Balance

The most recent financial statements for Live Co. are shownhere: Income Statement Balance Sheet Sales $3,200 Current assets$3,401 Debt $6,801 Costs 2,112 Fixed assets 8,328 Equity 4,928Taxable income $1,088 Total $11,729 Total $11,729 Taxes (33%) 359Net income $729 Assets and costs are proportional to sales. Debtand equity are not. The company maintains a constant 38 percentdividend payout ratio. No external equity financing is possible.Required: What is the internal growth rate? (Do not round yourintermediate calculations.) rev: a)4.11% b)3.91% c)4.01% d)2.42%e)10.1%

Abhinav 02-Dec-2019

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