Question
A leverage of 1.81 means that (assume leverage is calculated as Assets/Equity): assets are funded with 81% equity. $1.81 of assets is funded with $1.00
A leverage of 1.81 means that (assume leverage is calculated as Assets/Equity):
assets are funded with 81% equity.
$1.81 of assets is funded with $1.00 of debt and $0.81 of equity.
assets are funded with 81% debt.
$1.81 of assets is funded with $1.00 of equity and $0.81 of debt.
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
