Home / Questions / The most recent financial statements for Schenkel Co. are shown here: Income Statement Bal
The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet 14,500 Current assets 12,000 Debt 16,500 Sales 24,500 Costs 8,400 Fixed assets 29,000 Equity Taxable income 6,100 $41,000 Total $41,000 Total Taxes (40% 2,440 3,660 Net income 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. Enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Internal growth rate
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