Away Corp. has an interest-bearing debt with a market value of $74.3 million. The company also has 1.6 million shares that sell for $37 per share. What is the debt-equity ratio for this company based on market values? (Do not round intermediate calculations and round the answer to 3 decimal places.)

Away Corp. has an interest-bearing debt with a market value of $74.3 million. The company also has 1.6 million shares that sell for $37 per share. What is the debt-equity ratio for this company based on market values? (Do not round intermediate calculations and round the answer to 3 decimal places.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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