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Author Question: Taggart Technologies is considering issuing common shares and using the proceeds to reduce its ... (Read 16 times)

lrhoads

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on: Aug 7, 2023

Question 1

Stewart Inc.’s latest EPS was $4.20, its book value per share was $28.34, it had 355,000 shares outstanding, and its debt ratio was 51%. How much debt was outstanding?

◦

$10,232,960


◦

$10,385,004


◦

$10,471,341


◦

$10,620,715



Question 2

Taggart Technologies is considering issuing common shares and using the proceeds to reduce its outstanding debt. The share issue would have no effect on total assets, the interest rate Taggart pays, EBIT, or the tax rate. What is likely to occur if the company proceeds with the share issue?

◦

The debt ratio will increase.


◦

The times-interest-earned ratio will decrease.


◦

The ROA will increase.


◦

The basic earning power ratio will decrease.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by lrhoads on Aug 7, 2023

viper01

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Reply #1 on: Aug 7, 2023
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lrhoads

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Reply 2 on: Aug 7, 2023
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
Gracias!

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