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XYZ is a single business organization with a product structure. In 2021, XYZ's average stock price was $100 per share and it had 10 million
XYZ is a single business organization with a product structure. In 2021, XYZ's average stock price was $100 per share and it had 10 million shares of outstanding stock. XYZ had net income of $100 million in 2021; projections show that net income will remain stagnant at approximately $100 million during 2022. XYZ has never paid dividends to its stockholders but had excess cash of $70M at the end of 2021. XYZ had a current ratio of 8 to 1 and a debt-to-assets ratio of 20% at the end of 2021 . One of XYZ's strategic goals is to maximize stockholder wealth over the long term. An objective related to this goal is to increase average stockholder wealth by 10% by the end of 2022. Assume XYZ's average price-earnings ratio will remain the same in 2022. Based on XYZ's goal and objective given above, adopt financial tactics to meet their objective in 2022. You must explain your answer in detail to get credit on this part of the assignment
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