The personnel department of Credit Counselors is preparing annual reports on employee benefits. Vincent Tucker's gross annual sa
1 answer:
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Answer:
correct option is c. 43.75
Explanation:
given data
share own = 700
stock outstanding = 320000
market price = $25
interest and taxes = $160,000
debt = $500,000
interest = 7%
loan = 7.5 percent interest
to find out
How many shares of JKL stock must Theo sell to unlever
solution
first we get here no of share that repurchased is express as
no of share = ..............1
no of share =
no of share = 20,000 shares
sell = share own × ( no of share ÷ stock outstanding ) .................2
sell = 700 ×
sell = 43.75 shares
so correct option is c. 43.75
Answer:
Our answer is D 26.86%
Explanation:
