Question
The current balance sheet of Apex reports total assets of $52 million, total liabilities of $18 million, and owners' equity of $34 million. Apex is
The current balance sheet of Apex reports total assets of $52 million, total liabilities of $18 million, and owners' equity of $34 million. Apex is considering several financing possibilities in order to expand operations.
| Assume Apex borrows $7 million to finance its expansion. Apex's debt ratio immediately after the borrowing will be: |
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
