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What will be the total debt ratio at the end of the next

Problem

BD Lean, Inc. (BDL) had sales of $200,000 on which it earned a net income of $22,000. It has a total debt of $51,000 and total equity of $60,000. Last year, BBL paid dividends of $6,000. What will be the total debt ratio at the end of the next year if the company grows at the internal growth rate (IGR)?

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Accounting Basics: What will be the total debt ratio at the end of the next

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