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Company B has a debt to total assets ratio of 60% and a times interest earned ratio of 3. Their current liabilities are $50,000 and
Company B has a debt to total assets ratio of 60% and a times interest earned ratio of 3. Their current liabilities are $50,000 and they have a long-term loan of $100,000 outstanding at 5%. They are subject to a 25% income tax rate. What is the amount of their shareholders equity?
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