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9. Sheila Cummins is analyzing the financial statements of a company that has issued convertible bonds that are currently reported as debt. Cummins is considering

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9. Sheila Cummins is analyzing the financial statements of a company that has issued convertible bonds that are currently reported as debt. Cummins is considering poten- tial adjustments to the debt-to-equity ratio as part of her analysis. The least appropriate action would be to A. make no adjustment. B. adjust debt but not equity. C. adjust equity but not debt

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