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pLEASE ANSWER ASAP Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.6is considered optimal. Eamings for the perlod
pLEASE ANSWER ASAP
Crawford Inc., a litter recycling company, uses a residual dividend policy. A debt-equity ratio of 1.6is considered optimal. Eamings for the perlod just ended were $3,000, and a dividend of $740 was declared. How much in new debt was borrowed? (Omit "\$" sign in your response.) New borrowings $ What were total capital outlays? (Omit "\$" sign In your response.) Total capital outlays $Step by Step Solution
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
