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MedicoHealth Corp. is set to expand its healthcare services by constructing four new facilities at a cost of $40 million. The company plans to finance
- MedicoHealth Corp. is set to expand its healthcare services by constructing four new facilities at a cost of $40 million. The company plans to finance this by using $12 million in retained earnings and borrowing $28 million. Calculate the impact on the debt-to-equity ratio if the current equity stands at $50 million.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
