Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If a firm has a short term debt of $400, debt-equity ratio of .45, and equity of $1,800, then A. retained earnings must be $810.
If a firm has a short term debt of $400, debt-equity ratio of .45, and equity of $1,800, then A. retained earnings must be $810. B. preferred stock must be $400. C. long-term liabilities must be $400. D. total liability must be $810
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started