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(off balance sheet financing) a company currently has $100 million asset financed with $50 million of debt and $50 million of equity. Net income last
(off balance sheet financing) a company currently has $100 million asset financed with $50 million of debt and $50 million of equity. Net income last year was $10 million. Calculate the company's return on assets ratio and debt/ equity ratio (a) now (b) assuming the company had leased $5 million of its assets off the balance sheet (c) assuming that the company had leased $15 million of its assets off the balance sheet (d) assuming the company had leased $25 million of its assets off the balance sheet
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