Question
CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July, 2014 and 2015. Total assets were $105,134.0, and $113,481.0,
CISCO SYSTEMS INC had the following balance sheet information (in millions) at the end of July, 2014 and 2015. Total assets were $105,134.0, and $113,481.0, respectively. Total liabilities were $48,473.0, and $53,774.0, respectively. For the years ended July, 2014 and 2015 CISCO SYS's sales were $47,142.0 and $49,161.0, and its net income was $7,854.0 and $8,979.0, respectively. Assume that the company has an effective tax rate of 30% and an average cost of debt financing of 10%, calculate the cost of financing for CISCO SYS for 2015? Please help I am trying to finished my homework need the answer....NOW
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started