Question
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.5 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 1.5 is considered optimal. Earnings for the period just ended were $2,900, and a dividend of $720 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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The Language Of Influence And Personal Power
Authors: Scott Hagan
1st Edition
1944833560, 978-1944833565
