Xyz ltd has assets of 300000000 30000000 of which is cash
XYZ Ltd has Assets of $300,000,000, $30,000,000 of which is Cash. Debt is $100,000,000. If XYZ repurchases $10,000,000
a) How does it affect Equity?
b) What changes will occur on the company’s balance sheet?
c) What will its new leverage ratio be?
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