Icc inc icc had sales of 300000 on which it earned net, Ask an Expert

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ICC, Inc. (ICC) had sales of $300,000 on which it earned net income of $22,000. Its total debt is $51,000 and total equity is $80,000. 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? can you please show detailed work

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