Question
A company reported earnings of $990,000 for the period just ended. The addition to retained earnings was $655,000. If the company has a target D/E
A company reported earnings of $990,000 for the period just ended. The addition to retained earnings was $655,000. If the company has a target D/E ratio of 1.4 and uses a residual dividend policy, what amount of new borrowing will be required to maintain its target D/E ratio?
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International Finance Transactions Policy And Regulation
Authors: Hal S. Scott
15th Edition
159941547X, 978-1599415475
