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Author Question: Taggart Technologies is considering issuing common shares and using the proceeds to reduce its ... (Read 44 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
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Aug 7, 2023
Gracias!

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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