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A company currently has totalt fiabilities (debt) of $215,000 and an equlty ratio of 60%. The new CFO wants to establish a debt ratio of
A company currently has totalt fiabilities (debt) of $215,000 and an equlty ratio of 60%. The new CFO wants to establish a debt ratio of 279. The size of the firm cassets) does not change. How much debt must the company add or subtract to achieve the target debt ratio? Enter you answer as a number with two decimal places of precision (le 1.23); of the company needs to INCREASE the amount of debe they are using, enter your answer as a positive number (but do not use the sign). the company needs to DECREASE the amount of debt they are using, enter your answer as a negative rumber with a preceding sign
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