Here is information from the most recent financial statements for your firm:\ The Income Statement reports a net income of

$298,000

.\ The Balance Sheet show that Assets is

$740,000

, Liabilities is

$125,000

, and Equity is

$615,000

.\ Your company maintains a

35%

retention ratio.\ If your firm wishes to maintain the same D/E ratio as last year, how much additional debt do you issue?

Here is information from the most recent financial statements for your firm: The Income Statement reports a net income of $298,000. The Balance Sheet show that Assets is $740,000, Liabilities is $125,000, and Equity is $615,000. Your company maintains a 35% retention ratio. If your firm wishes to maintain the same D/E ratio as last year, how much additional debt do you issue