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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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
