Question
Youve collected the following information about Odyssey, Inc.: Sales $ 241,813 Net income $ 10,096 Dividends $ 4,376 Total debt $ 95,501 Total equity $
Youve collected the following information about Odyssey, Inc.:
| Sales | $ | 241,813 | |
| Net income | $ | 10,096 | |
| Dividends | $ | 4,376 | |
| Total debt | $ | 95,501 | |
| Total equity | $ | 63,883 |
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? (round 2 decimal places)
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The Foundations Of Business Analysis
Authors: M Douglas Berg
1st Edition
1465222030, 9781465222039
