Question
A firm has a long-term debt-equity ratio of .5. Shareholders equity is $1.10 million. Current assets are $285,000, and the current ratio is 1.9. The
A firm has a long-term debt-equity ratio of .5. Shareholders equity is $1.10 million. Current assets are $285,000, and the current ratio is 1.9. The only current liabilities are notes payable. What is the total debt ratio? (Round your answer to 2 decimal places.)
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Local Government Finance And Bond Markets
Authors: Yun-Hwan Kim, Ifzal Ali
1st Edition
9715615015, 9789715615013
