You’ve 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 debt–equity ratio? (round 2 decimal places)
calc:-
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