Question
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.0 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 1.0 is considered optimal. Earnings for the period just ended were $1,400, and a dividend of $420 was declared.
What were total capital outlays?
- A.$1,865
- B.$1,960
- C.$980
- D.$1,000
- E.$1,400
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
