Question
1.Lucky lenders, Inc.has current liability, of $200 million, long term debt of $110 million, current assets of $322 million, fixed assets of $619 million, and
1.Lucky lenders, Inc.has current liability, of $200 million, long term debt of $110 million, current assets of $322 million, fixed assets of $619 million, and total equity of $631 million.The market value of the firm's current assets is $330 million, and the market value of its fixed assets is $645 million.The market value of its current liabilities if $200 million, and the market value of its long-term debt is $110 million.The firm's tax rate is 30% interest on its long-term debt.The company has 10 million common shares outstanding that trade at $22 per share.There's no preferred stock, and the net income available to common shareholders was $15 million.Calculate Lucky lender, Inc's. Debt ratio, Debt-to-equity ratio, and Price-earnings (PE) ratio.
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