Business, 01.02.2021 22:10 annjetero2oy23ay
A firm reports net income of $492,350.00 for 2013. The firm has a dividend payout ratio of 24.00%. The firm currently has $911,675.00 in debt, and $1,567,700.00 in shareholder equity. The firm pays 6.00% annual interest on their outstanding debt. The firm wants to maintain its debt to equity ratio. If the firm wants to maintain its same debt-to-equity ratio, how much debt can the firm issue in the coming year IF the firm will not issue any new shares
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A firm reports net income of $492,350.00 for 2013. The firm has a dividend payout ratio of 24.00%. T...
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