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  1. business
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  3. for a given year, abc inc. paid $500 in interest a

For a given year, ABC Inc. paid $500 in interest and $1,000 in dividends. There...

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Accounting

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For a given year, ABC Inc. paid $500 in interest and $1,000 in dividends. There were no changes in the equity accounts other than the change in retained earnings. Assume the firm's annual cash flow from assets is $3,000. What is the firm's net new borrowing? (Please, do not round your intermediate calculations. Instead, round your final answer, if necessary, up to two decimal places without the dollar symbol (\$). Example, \$1,200.5535 must be entered as 1,200.55; otherwise, you will receive an error message)

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