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Assume that you own a small business. Last year, your total invested capital was $900,000 and you had zero debt. This year, you issue $600,000
Assume that you own a small business. Last year, your total invested capital was $900,000 and you had zero debt. This year, you issue $600,000 of debt and take no other action. What will your debt-to-capital ratio be? Note: this is sometimes called the "total-debt-to-total-capital" ratio. A. 67% B. 60% C. None of these are correct O D. 40%
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