Question
1 A firm has current assets that could be sold for their book value of $9000000. The book value of its fixed assets is $9000000,
1 "A firm has current assets that could be sold for their book value of $9000000. The book value of its fixed assets is $9000000, but they could be sold for $8000000 today. The firm has total debt at a book value of $1500000, but interest rate changes have increased the value of the debt to a current market value of $5000000. This firm's equity market-to-book ratio is
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
