In 2020, Company A reports sales of $400 million, long-term debt of $47 million, and...
80.2K
Verified Solution
Link Copied!
Question
Finance
In 2020, Company A reports sales of $400 million, long-term debt of $47 million, and interest expense of $902020. If sales are projected to increase by 6.9% in the following year, what will projected interest expense be for 2021?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
