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Bike Ine's latest Earnings per share (EPS) was $2.50 its book value per share (BVPS) was $20.00, it had 300,000 shares outstanding, and its
Bike Ine's latest Earnings per share (EPS) was $2.50 its book value per share (BVPS) was $20.00, it had 300,000 shares outstanding, and its debt ratio (debt/total asset ratio) was 40%. The firm finances using only debt and common equity.. How much total debt does the company have? Do not round your intermediate calculations.
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
