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Bostian, Inc. has total assets of $520,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a

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Bostian, Inc. has total assets of $520,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio? Select the correct answer. a. $101,150 b. $101,100 c. $101,000 d. $101,050 e. $101,200

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