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andrew11 [14]
3 years ago
10

Edwards Enterprises follows a moderate current asset investment policy, but it is now considering a change, perhaps to a restric

ted or maybe to a relaxed policy. The firm's annual sales are $400,000; its fixed assets are $100,000; its target capital structure calls for 50% debt and 50% equity; its EBIT is $39,000; the interest rate on its debt is 10%; and its tax rate is 40%. With a restricted policy, current assets will be 15% of sales, while under a relaxed policy they will be 25% of sales. What is the difference in the projected ROEs between the restricted and relaxed policies?

Business
1 answer:
VashaNatasha [74]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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NISA [10]

Answer:

$27,800

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

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$177,000 - $38000 = $139,000 / 5 =$27,800

depreciation expense each year would be $27,800

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2 years ago
Francine wants to become a school counselor. Which is the academic requirement for this career?
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3 years ago
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3 0
3 years ago
What is the capitalism
dybincka [34]

Answer:

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Explanation:

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4 0
2 years ago
Christopher, an accounts manager at a mid-sized health care firm, does not have any direct international responsibilities; howev
monitta

Answer:

better understanding how foreign operations affect the company's competitive advantage.

Explanation:

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