If Global decides that it will limit its net new financing to no more than $9 million, how will this affect its payout policy (see MyFinanceLab for the data in Excel format)?

Use the following income statement and balance sheet for Global Corp.:

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Figures in $ millions Net sales 186.7 Assets Costs Except Depreciation -175.1 Cash 23.2 EBITDA 11.6 Accounts Receivable 18.5 Depreciation and Amortization -1.2 Inventories 15.3 EBIT 10.4 Total Current Assets 57 Interest Income (expense) -7.7 Pretax Income 2.7 Net Property, Plant, and Equipment 113.1 Taxes -0.7 Total Assets 170.1 Net Income 2.0 Liabilities and Equity Accounts Payable 34.7 Long-Term Debt 113.2 Total Liabilities 147.9 Total Stockholders' Equity 22.2 Total Liabilities and Equity 170.1