Ambrose Inc. will have 480,000 in debt. provide two or more suggestions on what Ambrose Inc. could do to reduce the forecasted debt financing (the managerial part of financing).
Be sure to provide rationales as to why your suggestions will be effective in reducing the forecasted debt financing need.
Total assets= $1,200,000
Common Stock= $425,000
Retained earnings = $295,000
Total assets- Common stock -retained earnings = total liabilities
$1,200,000- $425,000- $295,000 = $ 480,000 total debt/liabilities