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Both questions I got wrong. Question 25 3 is wrong and question 27 It suffered a net loss of $50,000 and its new book value
Both questions I got wrong. Question 25 "3" is wrong and question 27 "It suffered a net loss of $50,000 and its new book value is lower by $50,000." is wrong. New answers are needed. Thank you!
Question 25 3 pts Toys-4-U Corporation has $60 million in assets and $20 million in debt. Its leverage ratio is 0.5 1.5 O 1.67 3 6 Question 27 3 pts A company began the year with $200,000 in cash. For the year it achieved $1,000,000 in revenue. Its variable costs are $700,000 and fixed costs (including interest) $350,000. Assume no depreciation allowance. It pays $50,000 in dividends. Which of the following result? It suffered a net loss of $50,000 and its new book value is lower by $100,000 It suffered a net loss of $50,000 and its new book value is lower by $50,000. It suffered a net loss of $100,000 and its new book value is lower by $50,000. O It suffered a net loss of $100,000 and its new book value is lower by $100,000Step by Step Solution
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