The Deaf Leopard company will pay a $23 dividend this year. Leopards corporate tax rate...
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Finance
The Deaf Leopard company will pay a $23 dividend this year. Leopards corporate tax rate is 39%, and its cost of debt is 9% p.a. Calculate the missing information in this years pro forma balance sheet and partial pro forma income statement (shown below), and then write in the answer box the value for the amount of debt (D) in the balance sheet. Give the answer with a 2-decimal accuracy; that is, it must be accurate to the penny.
Balance Sheet (12/31) Assets Cash A/R Inventory225 FA Total Income Statement (1/1 to 12/31) EBIT Interest EBT Liabilities 467 373 A/P 133 430 Equity 172 RE axes NI
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