Cersie Inc.'s latest EPS was 3.50, its book value per share was 22.75, it had 215,000 shares outstanding, and its debt ratio was 46%. How much debt was outstanding?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
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Cersie Inc.'s latest EPS was 3.50, its book value
per
share was 22.75, it had 215,000 shares outstanding,
and its debt ratio was 46%. How much debt was
outstanding?
Transcribed Image Text:Cersie Inc.'s latest EPS was 3.50, its book value per share was 22.75, it had 215,000 shares outstanding, and its debt ratio was 46%. How much debt was outstanding?
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