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Homework answers / question archive / You've collected the following information about Odyssey, Inc
You've collected the following information about Odyssey, Inc.:
Sales $218,700
Net income $14,608
Dividends $4,413
Total debt $62,478
Total equity $67,902
If the company grows at the sustainable growth rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio?
(Omit the "$" sign and commas in your response. Enter your answer rounded to 2 decimal places. For example, $1,200.456 should be entered as 1200.46.)
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