Question: Question 43 (3 points) Come Cloud, Inc is planning to take out a 10-year 515 000 000 loan from its tank to finance the purchase
Question 43 (3 points) Come Cloud, Inc is planning to take out a 10-year 515 000 000 loan from its tank to finance the purchase of a now $15.000.000 machine that has an estimated life of 10 years CommoCloud Dobeves that these changes will have no effect on either sales of costs, and therefore no effect on net income It Come Cloud is correct that all also will remain constant these changes will cause the firms debt ratio (assuming an initial debt ratio total liabilities to total assets=474%) to a) Increase b) Decrease c) No change d) There is not enough information provided to answer this question. D
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
