21. Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current

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21. Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes pay- able. What is the total debt ratio? (LO3)

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Fundamentals Of Corporate Finance

ISBN: 9780073382302

6th Edition

Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus

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Question Posted: Jul 31, 2024 09:01 AM

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21. Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current

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Fundamentals Of Corporate Finance

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