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Use the following information for Motion Research, Inc. (MRI) for this and the following two questions. Sales $200,000 Costs $105,000 SG&A $20,000 Depreciation $16,000 Dividend
Use the following information for Motion Research, Inc. (MRI) for this and the following two questions.
Sales $200,000 Costs $105,000 SG&A $20,000 Depreciation $16,000 Dividend paid $6,000 Retained Earnings Added $18,000 Total Assets $85,000 Equity $45,000 Tax Rate 35%
If MRI sales grow at the internal growth rate during the following year, what will be the Total Debt Ratio at the end of the year?
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