Bulldogs Inc. uses Additional Funds Needed as a plug item. If the company had forecast its additional financing needed to be 2,340,000, its capital budget at 3,600,000, and net income at 1,800,000, what is its retention ratio? Put percentage sign (XX%)   The following are methods of acquiring funds through long-term financing, except     Selling equity securities with a characteristic of both debt and equity security Issuing bonds with semi-annual coupon payment at a discounted price Issuing a note that indicates a promise to pay the indicated supplier in a future date Selling equity securities at an amount above the par value indicated in the stock certificate

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
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Bulldogs Inc. uses Additional Funds Needed as a plug item. If the company had forecast its additional financing needed to be 2,340,000, its capital budget at 3,600,000, and net income at 1,800,000, what is its retention ratio?

Put percentage sign (XX%)

 

The following are methods of acquiring funds through long-term financing, except
 
 
Selling equity securities with a characteristic of both debt and equity security
Issuing bonds with semi-annual coupon payment at a discounted price
Issuing a note that indicates a promise to pay the indicated supplier in a future date
Selling equity securities at an amount above the par value indicated in the stock certificate
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