Blossom Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 37,600 shares outstanding...
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Accounting
Blossom Company has $ in assets and $ in stockholders' equity, with shares outstanding the entire year. Ithas a return on assets of During it had net income of $ On January it issued $ in debt at andimmediately repurchased shares for $ Management expected that, had it not issued the debt, it would have had netincome of $ in Assume the company pays dividends on common stock equal to its net income each year. Also, assumethe accrued interest on the debt was paid at December and the company has no other debt outstanding at yearend. What is the debt to asset ratio for and
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