Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Debt ratio measure the proportion of total assets financed by a firm's creditors. Shoe Barn Inc. has a debt-to-equity ratio of 2.40, compared to the

image text in transcribed
image text in transcribed
Debt ratio measure the proportion of total assets financed by a firm's creditors. Shoe Barn Inc. has a debt-to-equity ratio of 2.40, compared to the Industry average of 1.92. Its competitor Heally Corp, however, has a debt-to-equity ratio of 3.60. Based on what debt-to-equity ratlos imply, which of the following statements is true? Heally Corps creditors face lesser risk than the average financial risk in the Industry. Shoe Barn Inc.'s shareholders expect magnified returns but higher risk as compared to Heally Corp. Heally Corp, has greater financial risk as compared to Shoe Barn Inc. and to the average financial risk in the Industry Meally Corp. has higher creditworthiness as compared to Shoe Barn Inc. Suppose the stock price of Heally Corp. Increases by 15%. What impact will it have on its market-to-debt ratio if nothing changes in the company's balance sheet? The market debt ratio will increase, reflecting an increase in the financial risk of the company. The market debt ratio will decrease, reflecting an increase in the financial risk of the company. The market debt ratio will decrease, reflecting a decrease in the financial risk of the company D The market debt ratio will increase, reflecting a decrease in the financial risk of the company, Suppose the stock price of Heally Corn. Increases by 15% What Impact will have on its market-to-debt ratio if noting changes in the company's balance sheet? 5 Tips Tips o The market debt ratio will increase, reflecting an increase in the Pancial risk of the company o The market debt ratio will decrease, reflecting an increase in the financial risk of the company The market debt ratio will decrease, reflecting a decrease in the financial risk of the company. The market debt ratio will increase, reflecting a decrease in the financial risk of the company $300 Data Collected (Millions of dollars) Year 1 EBITDA Interest payments $30 Principal payments $24 Lease payments $14 4.41 5.81 4.62 7.14 Heally Corp. reported the following figures in its annual report. Based on the information, Heally Corp. has the ability to cover is fixed financial charges y times Genda NOW Save & Continue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Management

Authors: Jeff Madura

3rd Edition

0314862722, 978-0314862723

More Books

Students also viewed these Finance questions

Question

3. Describe the dark side of interpersonal relationships.

Answered: 1 week ago