Question
A firm has a long-term debt-equity ratio of .4. Shareholders equity is $1 million. Current assets are $200,000, and the current ratio is 2. The
| A firm has a long-term debt-equity ratio of .4. Shareholders equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?(Round your answer to 2 decimal places.) |
Total debt ratio
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
