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ZAX, Co. has the following items on its balance sheet. Assets Liabilities and Equity Cash $49,400 Debt $99,100 PPE $346,500 Equity $296,800 Its net income
ZAX, Co. has the following items on its balance sheet.
Assets | Liabilities and Equity | ||||
Cash | $49,400 | Debt | $99,100 | ||
PPE | $346,500 | Equity | $296,800 |
Its net income this year is $20,300, and it pays dividends of $4,900. If it grows at its internal growth rate, what will its D/E ratio be next year?
1. The internal growth rate is ___ % (round to 2 decimals)
2. The ending total assets will be ___ $ (round to nearest dollar)
3. The debt/equity ratio will be ___ (round to 3 decimals)
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