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HomeStyle Furnishings plans to open six new showrooms with an estimated cost of $20 million, financed by $5 million in retained earnings and $15 million
- HomeStyle Furnishings plans to open six new showrooms with an estimated cost of $20 million, financed by $5 million in retained earnings and $15 million in debt. Assess the impact on the debt-to-equity ratio if the company’s existing equity is $30 million.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
978-0078025587
