Residual Dividend Policy Soprano, Inc., a litter recycling company, uses a residual dividend policy. (See Concept Question
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Residual Dividend Policy Soprano, Inc., a litter recycling company, uses a residual dividend policy. (See Concept Question 3.) A debt–equity ratio of .80 is considered optimal.
Earnings for the period just ended were $1,200, and a dividend of $480 was declared. How much in new debt was borrowed? What were total capital outlays?
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