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Gilmore, Inc., had equity of $200,000 at the beginning of the year. At the end of the year, the company had total assets of $355,000. During the year, the company sold no new equity. Net income for the year was $42,000 and dividends were $6,000.

a. 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.) b. Calculate the internal growth rate using ROA x b for beginning of period total assets. Met not retamel int/alma/Cato emeniationS and enter your answer as a percent

rounded to 2 decimal places, e.g., 32.16.) c. Calculate the internal growth rate using ROA x b for end of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

a. Internal growth rate • ok b. ROA x b (using beginning of period assets) • c. ROA x b (using end of period assets) •

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