Question
Bostian, Inc. has total assets of $705,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a
Bostian, Inc. has total assets of $705,000. 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.
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
1st Edition
0987507109, 978-0987507105
