Question
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.3 is considered optimal. Earnings for the period just ended
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.3 is considered optimal. Earnings for the period just ended were $1,700, and a dividend of $480 was declared.
How much in new debt was borrowed? (Omit $ sign in your response.)
New borrowings $
What were total capital outlays? (Omit $ sign in your response.)
Total capital outlays $
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
