Question
Vigo Vacations has $204 million in total assets, $4.5 million in notes payable, and $24.0 million in long-term debt. What is the debt ratio? Round
Vigo Vacations has $204 million in total assets, $4.5 million in notes payable, and $24.0 million in long-term debt. What is the debt ratio? Round your answer to two decimal places.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
