Question
1) A companys balance sheet reveals it has total assets of $6,977,800, total liabilities of $1,957,800, and total equity of $5,020,000. The current debt-to-equity ratio
1) A companys balance sheet reveals it has total assets of $6,977,800, total liabilities of $1,957,800, and total equity of $5,020,000. The current debt-to-equity ratio for this company is:
2)On January 1 of Year 1, Congo Express Airways issued $4,700,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $4,343,000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,500 every six months. The life of these bonds is:
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