Cavalier Copper Mines has $840 million in total liabilities and $520 million in shareholders equity. It discloses
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Cavalier Copper Mines has $840 million in total liabilities and $520 million in shareholders’ equity. It discloses operating lease commitments over the next five years with a present value of $100 million. If the lease commitments are treated as debt, the debt-to-total-capital ratio is closest to:
A. 0.58.
B. 0.62.
C. 0.64.
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First lets identify the numbers we have and the numbers we need 1 Total liabilities 840 ...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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