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What is the amount of retain earnings

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Reference no: EM133004199

Question - Sand company whose tax rate is 40% has a total asset of P500,000,000 and earnings before interest and taxes of P200,000,000. The company's target capital structure is 50% debt funded and 50% equity funded. The cost of new and old debt is constant at 8%. Retention ratio is 40%.

Required -

1. How much is the net income?

2. What is the amount of retain earnings?

3. How much of the total capital budget will be funded by debt?

Reference no: EM133004199

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