Assume that the president of Garden Isle Brewery

Question # 00005202 Posted By: expert-mustang Updated on: 12/12/2013 06:33 AM Due on: 12/12/2013
Subject Finance Topic Finance Tutorials:
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Assume that the president of Garden Isle Brewery made the following statement in the annual report to shareholders: "The founding family and majority shareholders of the company do not believe in using debt to finance future growth. The founding family learned from hard experience during prohibition and the great depression that debt can cause loss of flexibility and eventual loss of corporate control. The company will not place itself at such risk. As such, all future growth will be financed either by stock sales to the public or by internally generated resources." As a public shareholder of this company, how would you respond to this policy?

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  1. Tutorial # 00004996 Posted By: expert-mustang Posted on: 12/12/2013 06:34 AM
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    with flexibility in the case that there would happen to ...
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