Gilmore, Inc., had equity of $125,000 at the beginning of the year. At the end...
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Gilmore, Inc., had equity of $125,000 at the beginning of the year. At the end of the year, the company had total assets of $280,000. During the year, the company sold no new equity. Net income for the year was $27,000 and dividends were $3,000.
Calculate the internal growth rate for the company.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Internal growth rate%Calculate the internal growth rate using ROA bfor beginning of period total assets.(Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
ROA b(using beginning of period assets)%Calculate the internal growth rate using ROA bfor end of period total assets.(Do not round intermediate calculationsand enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
ROA b(using end of period assets)%
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