Question: Hello need some help with some homework AaBbCel AaBbCd AaBbC AaBbCc AaB AaBbcct AaBbCcD 1 Normal 1No Spac... Heading 1 Heading 2 Title Font Early
AaBbCel AaBbCd AaBbC AaBbCc AaB AaBbcct AaBbCcD 1 Normal 1No Spac... Heading 1 Heading 2 Title Font Early next year, the Strasburg Company plans to raise a net amount of $270 million to finance new equipment and working capital. Two alternatives are being considered: common stock can be sold to net $S4 per share (market price is $60) or bonds yielding income statement of the Strasburg Company prior to financing are as follows 12 percent can be isued The balance sheet and The Strasburg Company Balance Sheet as of December 31 (S millions) S 172.50 255.00 225,00 S 652.50 300.00 60.00 337.50 $1350.00 $ 900.00 Accounts payable Notes payable to bank Other current liabilities Total current liabilities Long-term debt (10%) Common stock, $3 par Retained earnings Total liabilities and equity Current assets Net fixed assets 450.00 Total assets $1350,00 Income S for Year Ended December 31 (S millions)
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