Breads ‘R Us had sales of $40,000 last year.

Breads ‘R Us had sales of $40,000 last year. Their total costs were $14,000, and the depreciation charge was $3,000. They have 1,520 shares outstanding and paid dividend of $2.40 per share after keeping 70 percent of the net income as retained earnings. If they paid 40 percent in taxes, how much was the interest expense?ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $18,000. Its total debt is $45,000 and total equity is $84,000. Last year, ICC paid dividends of $6,000. If the total debt ratio remains constant and the company grows at the sustainable growth rate in the coming year, how much new borrowing will take place?ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $18,000. Its total debt is $45,000 and total equity is $84,000. Last year, ICC paid dividends of $6,000. If the total debt ratio remains constant and the company grows at the sustainable growth rate in the coming year, how much new borrowing will take place?