Question
BB Lean, Inc. (BBL) had sales of $200,000 on which it earned a net income of $18,000. It has a total debt of $45,000 and
BB Lean, Inc. (BBL) had sales of $200,000 on which it earned a net income of $18,000. It has a total debt of $45,000 and total equity of $60,000. Last year, BBL paid dividends of $6,000. What will be the total debt ratio at the end of the next year if the company grows at the internal growth rate (IGR)?
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
