Question: Select one: a. 69.20% b. 39.24% c. 144.52% d. 64.58% A firm has assets of $237 million, of which $24 million is cash. It has

Select one: a. 69.20% b. 39.24% c. 144.52% d. 64.58% A

Select one:

a. 69.20%

b. 39.24%

c. 144.52%

d. 64.58%

A firm has assets of $237 million, of which $24 million is cash. It has debt of $93 million. If the firm were to use its cash reserves to repurchase $9.6 million of its stock, what would its new debt-to- equity ratio be

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