The Lory Bookstore Used Internal Financing as a Source of Long-Term

question 19

Multiple Choice

The Lory Bookstore used internal financing as a source of long-term financing for 85% of its total needs in 2011. The company borrowed an additional 25% of its total needs in the long-term debt markets in 2011. What were Lory's net new stock issues in that year?

• A) -20%
• B) -10%
• C) 10%
• D) 20%
• E) 30%

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Definitions:

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or community are improved, typically through job creation, innovation, and sustainable growth strategies.

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Cash-Flow Statement

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Financial Documents

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