FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698
FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698

Solutions

Chapter 17, Problem 1ST
Textbook Problem

When Goshen, Inc., focused only on domestic business in the United States, it had a low debt level. As it expanded into other countries, it increased its degree of financial leverage (on a consolidated basis). What factors would have caused Goshen to increase its financial leverage (assuming that country risk was not a concern)?

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