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Loving Gardens ( LG ) has $ 5 million in assets, $ 6 0 0 , 0 0 0 EBIT, and a marginal tax rate
Loving Gardens LG has $ million in assets, $ EBIT, and a marginal tax rate equal to percent. If LGs debt ratio DTA is percent, interest on its debt is percent, whereas if the debt ratio is percent, interest is percent. LG will have shares of stock outstanding if it is financed with percent debt, but it will have shares outstanding with percent debt. Calculate LGs EPS aincomeEquity for each capital structure. Do not round intermediate calculations. Round your answers for EPS to the nearest cent and for ROE to two decimal places.nd ROE ROE Net incomeEquity for each capital structure. Do not round intermediate calculations. Round your answers for EPS to the nearest cent and for ROE to two decimal places.
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