In: Finance
gilmore inc, had equity of $145,000 at the beginning of the year. at the end of the year the company had total assets of $300,000. During the year the company sold no new equity. Net income for the year was $31,000 and dividends were $3,800. a. calculate the internal growth for the company. b. calculate the internal growth rate using ROA x b for the beginning of the period total assets. c. calculate the internal growth rate using ROA x b for the end of the period total assets.
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