24 Jul WHAT IS THE INTERNAL GROWTH RATE OF EAGLE SPORT?
The financial statements of Eagle Sport Supply are shown in the below table. For simplicity Cost Show more The financial statements of Eagle Sport Supply are shown in the below table. For simplicity Cost include interest. Assume that Eagles assets are proportional to its sales. Assume a growth rate of 30%. Income Statement Sales $2750 Costs 1150 Pretax income 1600 Taxes ( at 30% ) 480 Net income $1120 Balance Sheet year-End 2014 2013 2014 2013 Assets $4800 $4500 Debt $1900 $1800 Equity 2900 2700 Total $4800 $4500 Total $4800 $4500 a. Assume that the dividend payout ratio is fixed at 50% and the equity-to-asset ratio is fixed at two-thirds. What is the internal growth rate of Eagle Sport? Internal growth rate b. What is the sustainable growth rate? (roudn answer 2 decimal places) Sustainable growth rate Show less
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