Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a company had Long-Term Debt of $1,950,000; Shareholders Equity of $2,835,000; and Total Assets of $8,328,000. What was the company's ratio of long-term debt

If a company had Long-Term Debt of $1,950,000; Shareholders Equity of $2,835,000; and Total Assets of $8,328,000. What was the company's ratio of long-term debt to capital?

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

Real Estate Finance And Investments

Authors: William Brueggeman, Jeffrey Fisher

17th Edition

1264072945, 978-1264072941

More Books

Students also viewed these Finance questions

Question

=+ Is the information source respected?

Answered: 1 week ago

Question

=+ Is the source or sponsor of the information indicated?

Answered: 1 week ago