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PLEASE POST ANSWER TO 3 DECIMAL PLACES. Harrison, Inc., has the following book value balance sheet: Assets Total Debt and Equity Current assets $ 180,000,000

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PLEASE POST ANSWER TO 3 DECIMAL PLACES.

Harrison, Inc., has the following book value balance sheet: Assets Total Debt and Equity Current assets $ 180,000,000 Total debt 245,000,000 $ Equity Common stock $ 30,000,000 Capital surplus 85,000,000 Accumulated retained earnings 155,000,000 Net fixed assets 335,000,000 Total shareholders' equity $270,000,000 Total assets $ 515,000,000 Total debt and shareholders' equity $ 515,000,000 a. What is the debt-equity ratio based on book values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b. Suppose the market value of the company's debt is $246.2 million and the market value of equity is $725 million. What is the debt-equity ratio based on market values? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) times a. Debt-equity ratio b. Debt-equity ratio times

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