The most recent financial statements for Live Co. are shown here:
| Income Statement |
| Sales |
$15302 |
| Costs |
$12161 |
| Taxable Income |
? |
| Taxes (40%) |
? |
| Net Income |
? |
| Balance Sheet |
| Current Asset |
$12198 |
Debt |
$16531 |
| Fixed Asset |
$27378 |
Equity |
? |
Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 25 percent dividend payout ratio. No external financing is possible.
What is the internal growth rate (in %)?