Hi expert please give me answer general accounting question BlueSky Corp has total debt of $250 million and 40 million sharesoutstanding with a market price of $5.50 per share. CalculateBlueSky's market debt-equity ratio.A) 1.52B) 0.88C) 1.14D) 2.15

Step 1: Definition of Market Debt-Equity RatioThe market debt-equity ratio compares a company's…

Answered: BlueSky Corp has total debt of $250…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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BlueSky Corp has total debt of $250 million and 40 million shares outstanding with a market price of $5.50 per share. Calculate BlueSky's market debt-equity ratio. A) 1.52 B) 0.88 C) 1.14 D) 2.15