If Global decides that it will limit its net new financing to no more than $9 million, how will this affect its payout policy? use the following income statement and balance sheet for Global Corp.:

Transcribed Image Text:

Figures in $ millions Net sales Costs Except Depreciation EBITDA Depreciation and Amortization EBIT Interest Income (expense) Pretax Income Taxes Net Income 186.7 -175.1 11.6 -1.2 10.4 -7.7 2.7 -0.7 2.0 Assets Cash Accounts Receivable Inventories Total Current Assets Net Property, Plant, and Equipment Total Assets Liabilities and Equity Accounts Payable Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities and Equity 23.2 18.5 15.3 57 113.1 170.1 34.7 113.2 147.9 22.2 170.1