Question
Youve collected the following information about Odyssey, Inc.: Sales $ 202,848 Net income $ 10,416 Dividends $ 4,145 Total debt $ 62,362 Total equity $
Youve collected the following information about Odyssey, Inc.:
| Sales | $ | 202,848 | |
| Net income | $ | 10,416 | |
| Dividends | $ | 4,145 | |
| Total debt | $ | 62,362 | |
| Total equity | $ | 64,658 |
If the company grows at the sustainable growth rate, how much new borrowing will take place in the coming year, assuming a constant debtequity ratio?
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Personal Financial Planning For Executives And Entrepreneurs
Authors: Michael J. Nathanson, Jeffrey T. Craig, Jennifer A. Geoghegan, Nadine Gordon Lee, Michael A. Haber, Seth P. Hieken, Matthew C. Ilteris, D. Scott McDonald, Joseph A. Salvati, Stephen R. Stelljes
1st Edition
3030405273, 978-3030405274
