FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A firm has a long-term debt-equity ratio of .4. Shareholders equity is $.92 million. Current assets are $380,000, and the current ratio is 2.0. The

A firm has a long-term debt-equity ratio of .4. Shareholders equity is $.92 million. Current assets are $380,000, and the current ratio is 2.0. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)

Total debt ratio________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Which organizational skills do students need to be successful in your subject or class?

Answered: 1 week ago

Question

★★★★★
Kotari Inc. found that about 15 percent of its sales during the month were for cash. Kotari has the following accounts receivable payment experience: Percent paid in the month of sale ..........20...

Answered: 1 week ago

Question

★★★★★
Velma runs a small business that trades as Multimedia V. The business manages its clients' online platforms, for example, writing copy for their websites, maintaining a social media presence and so...

Answered: 1 week ago

Question

★★★★★
Table 1.1 Nominal GDP Annual Growth Rate (%) Nominal GDP Quarterly Growth Rate Real GDP Annual Real GDP Quarterly (%) Growth Rate Growth Rate (%) (%) Mar-16 0.609 1.590 0.923 2.677 Mar-17 1.151 2.993...

Answered: 1 week ago

Question

★★★★★
Choose a product and discuss its full lifecycle (Steps 1-5). Indicate where it is in the life cycle currently. When do you predict the life cycle will end? Why do you think it will end?

Answered: 1 week ago

Question

★★★★★
A) she been presented with the option to take a lump sum payment of $ 750,000 today or payment in the amount $75,000 over next ten years. Assume 3% interest rate. which preferred option based the...

Answered: 1 week ago

Question

★★★★★
Suppose commercial bank uses an Altman's Z-score model to predict business loan applicants' default probabilities. The Altman's Z-score model is specified as follows: Z = 1.2X + 1.4X2 + 3.3X3 + 0.6X4...

Answered: 1 week ago

Question

★★★★★
Please help answer the following: Consider a non-union organization that you, a friend or family member has worked for in the past or one you're familiar with. Now that you have an understanding of...

Answered: 1 week ago

Question

★★★★★
We know the following data for Albert's fabricating production area: Number of machines = 5 Number of working days in year 340 Processing time per unit = 60 minutes a. What is the annual capacity...

Answered: 1 week ago

Previous Question Next Question