Question
A firm has a long-term debt-equity ratio of .45. Shareholders' equity is $1.5 million. Current assets are $225,000, and total assets are $2.325 million. If
A firm has a long-term debt-equity ratio of .45. Shareholders' equity is $1.5 million. Current assets are $225,000, and total assets are $2.325 million. If the current ratio is 1.5, what is the ratio of debt to total long-term capital?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
