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QUESTION 4 6 poin ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $28,000. Its total debt is $60,000 and
QUESTION 4 6 poin ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $28,000. Its total debt is $60,000 and total equity is $74,000 Last year, ICC paid dividends of $6,000. If the total debt ratio remains constant and the company grows at the sustainable growth rate in the coming year, how much new borrowing will take place? O A $7,500 OB $12.750 OC. $16,200 OD $20,357 $27.720 OF $25,385 G $30,250 . $9,882
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