Bostian, Inc. has total assets of $780,000. 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. $243,797 b. $243,932 c. $243,865 d. $244,000 e. $243,730

Ziebart Corp.'s EBITDA last year was $425,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio?

Select the correct answer.

a. 6.98

b. 5.60

c. 6.29

d. 8.36

e. 7.67