Bird Enterprises has no debt. Its current total value is $47.6 million. Assume the company sells $18.7

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Bird Enterprises has no debt. Its current total value is $47.6 million. Assume the company sells $18.7 millionin debt.

a.Ignoring taxes, what is the debt-equity ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b.Assume the company's tax rate is 23 percent. What is the debt-equity ratio?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Posted Date: May 19, 2024 05:07 PM

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Bird Enterprises has no debt. Its current total value is $47.6 million. Assume the company sells $18.7

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