Alpine Corporation reported a debt-to-equity ratio of 0.65 at the end of 2024. If the company's total equity at year-end was $18.75 million, what was Alpine's total debt? A. $12.19 million B. $9.38 million C. $28.85 million D. $10.94 million
Alpine Corporation reported a debt-to-equity ratio of 0.65 at the end of 2024. If the company's total equity at year-end was $18.75 million, what was Alpine's total debt? A. $12.19 million B. $9.38 million C. $28.85 million D. $10.94 million
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 23MCQ
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Transcribed Image Text:Alpine Corporation reported a debt-to-equity ratio of 0.65 at the end of 2024.
If the company's total equity at year-end was $18.75 million, what was
Alpine's total debt?
A. $12.19 million
B. $9.38 million
C. $28.85 million
D. $10.94 million
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