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Meyer Inc's assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt ratio of 55%. The size
Meyer Inc's assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt ratio of 55%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio? a. $192,962 b. $166,688 c. $158,750 d. $183,773 e. $175,022
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Secured Finance Transactions Key Assets And Emergin Markets
Authors: Paul U Ali
1st Edition
1905783108, 978-1905783106
