Question
Bostian, Inc. has total assets of $700,000. Its total debt outstanding is $150,000. The Board of Directors has directed the CFO to move towards a
Bostian, Inc. has total assets of $700,000. Its total debt outstanding is $150,000. The Board of Directors has directed the CFO to move towards a debt ratio of 52%. How much debt must the company add or subtract to achieve the target debt ratio?
(Round your answer to 2 decimal places.)
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New Issues In Financial And Credit Markets
Authors: Franco Fiordelisi , Philip Molyneux, Daniele Previati
1st Edition
0230275443, 978-0230275447
