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Major Monorier Ine. 2012 Tome a Net les $17.100 Coat of goods sold 11.200 Depreciation 10 Earnings before interest and ease 4.250 Intere paid Taxable
Major Monorier Ine. 2012 Tome a Net les $17.100 Coat of goods sold 11.200 Depreciation 10 Earnings before interest and ease 4.250 Intere paid Taxable income $3.900 Taxes 1300 Net income DINikenda Soso Major Manuscripts. Ine. 2012 Balance Sheet 2012 Cash $1.040 $3.350 Accounts red 700 Accounts payable Long-term dele Common stock 2.780 7.500 Inventory Total 10.000 9.240 Retained earning Net fixed assets 11100 Total assets $20.60 Total liabilities & equity $206.10 Required: a. If Major Manuscripts, Inc. decides to maintain a constant debt-equity ratio, what rate of growth can it maintain assuming that no additional external equity financing is available
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