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A firm currently with $120 million of current assets, $50 million of fixed assets, $70 of debt and $100 million of equity is considering
A firm currently with $120 million of current assets, $50 million of fixed assets, $70 of debt and $100 million of equity is considering acquiring a new equipment of $30 million price. The useful life of the equipment is 10 years. If the firm is signing an operating lease, what will be the debt ratio?
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Financial Reporting and Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
7th edition
1259722651, 978-1259722653
