Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 5.00

Freeman Industries

Assume that the president of Freeman Industries made the following statement the the annual report to shareholders: “The founding family and the majority shareholders of the company do not believe in using debt to finance future grow. The founding family learned from hard experiences during prohibition and the Great Depression that debt can cause the loss of flexibility and eventual loss of corporate control. The company will not place itself in that position. As such all future growth will be financed either by stock sales from the public or internally generated resources.” As a shareholder of the company, how would you respond to this decision/policy?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 04:08 PM My Price 5.00

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