Need help with this financial accounting question not use ai please don't Edwards currently has 500 million shares outstanding, trading at $60 per share,and $18 billion in debt. If in four years, Edwards has 550 million sharesoutstanding, trading for $72 per share, how much debt will Edwards have if itmaintains a constant debt-equity ratio?

Step 1: Definition of Debt-Equity RatioThe Debt-Equity Ratio is a financial metric that measures a…

Answered: Edwards currently has 500 million…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose Loc Motors, Inc. has 720 million shares outstanding with a share price of $65.20, and $30.85 billion in debt. If in three years, Loc Motors has 770 million shares outstanding trading for $78.45 per share, how much debt will Loc Motors have if it maintains a constant debt-equity ratio? The amount of debt required in three years will be $_ billion. Accounting problem
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Edwards currently has 500 million shares outstanding, trading at $60 per share, and $18 billion in debt. If in four years, Edwards has 550 million shares outstanding, trading for $72 per share, how much debt will Edwards have if it maintains a constant debt-equity ratio?