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Accounts payable $516,000 261,000 Short-term debt Current liabilities $777,000 Long-term debt 740,000 Shareholders' equity 503,000 Total $2,020,000 a. Compute Webb's debt ratio and interest-bearing debt

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Accounts payable $516,000 261,000 Short-term debt Current liabilities $777,000 Long-term debt 740,000 Shareholders' equity 503,000 Total $2,020,000 a. Compute Webb's debt ratio and interest-bearing debt ratio. b. If the market value of Webb's equity is $2,051,000 and the value of the firm's debt is equal to its book value, assuming excess cash is zero, what is the debt-to-enterprise-value ratio for Webb? c. If you were a bank loan officer who was analyzing whether or not to loan more money to Webb, which of the ratios calculated in parts a and b is most relevant to your analysis

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