Binomlal Tree Farm's financing Includes $7.1 milion of bank loans. Its common equity Is shown In Binomlal's Annual Report at $6.87 million. It has 420.000 shares of common stock outstanding. which trade on the wichita Stock Exchange at $16.30 per share. What debt ratio should Binomial use to calculate its WACC or asset beta?. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt ratio
Binomlal Tree Farm's financing Includes $7.1 milion of bank loans. Its common equity Is shown In Binomlal's Annual Report at $6.87 million. It has 420.000 shares of common stock outstanding. which trade on the wichita Stock Exchange at $16.30 per share. What debt ratio should Binomial use to calculate its WACC or asset beta?. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Debt ratio
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 1PEB: Brower Co. is considering the following alternative financing plans: Income tax is estimated at 40%...
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