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A firm has a long-term debt-equity ratio of 0.41. Shareholders equity is $1.1 million. Current assets are $209,000, and total assets are $1.661 million. If
A  firm has a long-term debt-equity ratio of 0.41. Shareholders’ equity is $1.1 million. Current assets are $209,000, and total assets are $1.661 million. If the current ratio is 1.9, what is the ratio of debt to total long-term capital?
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The longterm debtequity ratio is calculated as the ratio of longterm debt to shareholders equit...
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus
11th Edition
1264101562, 978-1264101566
