Question
The debt to equity ratio for the UpTown Hotel was 1.90 at the end of 2012. If this company's total liabilities were $32,500,000 at the
The debt to equity ratio for the UpTown Hotel was 1.90 at the end of 2012. If this company's total liabilities were $32,500,000 at the end of 2012, what was the total owner's equity for the UpTown in 2012?
Answer choices:
$21,812,410
$19,543,000
$18,322,579
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
