Great Systems Inc. (GSI) , a publicly-traded company, needs $30 million additional financing to repair its balance sheet and to expand into the cloud computing infrastructure market. Somes of GSI's balance sheet classification amounts, in millions, are as follows: Current assets $10; Property, plant, and equipment $90; Current liabilities $30; Long term liabilities $35; retained earnings 10. How should GSI raise the needed $30 million?
A) Issue 15 year bonds
B) Issue preferred shares
C) Issue common shares
D) Issue a mortgage on the property
E) Issue a strip bond
Correct Answer:
Verified
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