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☐ A
☐ C
(Choose 1 answer)
The table below is financial statement of
SafeNet Company
What is the internal growth rate of SafeNet
Company if the dividend payout ratio remains
constant? (Please select nearest number.)
A. 6.2%
☐ D
B. 5.6%
C. 7.6%
D. 8.3%
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sh the exam.
SafeNet Company
2016 Income Statement
SafeNet Company
2016 Balance Sheet
Sales
$12,500.0
15625 Cash
S 990.0 Accounts payable
S
1,330.0
COGS
$ 8,100.0
Accounts recievable
840.0 Long-term debt
$ 3.700.0
Depreciaton
$ 1,700.0
Inventory
S
620.0 Common stock
S 4,600.0
EBIT
$2,700.0
Total
$ 2.450.0 Retained earnings
$
2.840.0
Interest paid
$ 864.0
Taxable Income
$ 1,836.0
Net fixed assets
Total Assets
$ 10,020.0
$ 12.470.0 Total liabilities & equity $ 12.470.0
Taxes
S 406.0
Net Income
$ 1,430.0
$
953.44
Dividends
S 474.0
Addition to retained earnings
$
956.0
