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

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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 2.0. The only current liabilities are notes payable. What is the total debt ratio?

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Study Guide To Accompany Fundamentals Of Corporate Finance

ISBN: 9780073012421

5th Edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 05, 2024 02:01 AM

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

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Study Guide To Accompany Fundamentals Of Corporate Finance

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