Last Year, Lory Bookstore Used Internal fiNancing as a Source

question 5

Multiple Choice

Last year, Lory Bookstore used internal financing as a source of long-term financing for 80% of its total needs.The company borrowed an additional 27% of its total needs in the long-term debt
Markets.What was Lory's net new share issues in that year?

• A)-20%
• B)-7%
• C)0%
• D)20%
• E)27%

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Definitions:

Invention

The creation of a new product, process, or idea that did not exist previously.

Development

A process of improvement in the material conditions of people through diffusion of knowledge and technology.

Technological Advance

The process of improving or developing new methods, tools, or products to increase efficiency, productivity, or quality in various fields, especially economics and industry.

Government R&D

Research and development activities funded or conducted by the government to advance knowledge, innovation, and technology for public benefit.