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

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Question 1: The income statement for XYZ, Inc. shows $100,000 in sales and $55,000 in costs. The company had annual depreciation of $6,000. The company paid a dividend of $7,250 and added $17,000 to retained earnings. Its balance sheet had $85,000 in total assets and $45,000 in total equity at the end of the year, and its tax rate was 35%. What will be the Total Debt Ratio at the end of the next year if its sales grow at the internal growth rate?

Reference no: EM132590082

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