3- Mr. David Lawson, the CFO of Golden Cup plans to increase the company’s long term debt from $40,000 to $80,000
3- Mr. David Lawson, the CFO of Golden Cup plans to increase the company’s long term debt from $40,000 to $80,000 by getting a 5 year loan from bank of America. a- What type of financial decisions did MR. David take? b- Will this decision result in Golden Cup to be excessively levered if everything else remains unchanged? Knowing that industry average debt/equity ratio is […]