The Answer is NOT -43712 as the Chegg website states it is, need work shown to a
ID: 2698772 • Letter: T
Question
The Answer is NOT -43712 as the Chegg website states it is, need work shown to answer another question.
The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.
What is the EFN if the firm wishes to keep its debt-equity ratio constant? (Do not round intermediate calculations.)
The Answer is NOT -43712 as the Chegg website states it is, need work shown to answer another question.
The most recent financial statements for Fleury Inc., follow. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales.
Explanation / Answer
THIS WILL HELP YOU I will be very interested in how other people answer this question. The problem tells of money coming in and the ownership that Smith has in Biscuit Motor's, which is 20%. Smith wants to maintain 20%. and a constant debt-to-equity ratio. a.Biscuit Motors
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