EMM Ltd has assets with a market value of $400 million, $60 million of which is cash. It has debt outstanding with a market value of $150 million, and 20 million shares outstanding. Assuming perfect capital markets, if the company distributes the $60 million in cash as a dividend, calculate its debt-to-equity ratio after the dividend payment.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
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Hi expert please give me answer general accounting

EMM Ltd has assets with a market value of $400 million,
$60 million of which is cash. It has debt outstanding with
a market value of $150 million, and 20 million shares
outstanding. Assuming perfect capital markets, if the
company distributes the $60 million in cash as a dividend,
calculate its debt-to-equity ratio after the dividend
payment.
Transcribed Image Text:EMM Ltd has assets with a market value of $400 million, $60 million of which is cash. It has debt outstanding with a market value of $150 million, and 20 million shares outstanding. Assuming perfect capital markets, if the company distributes the $60 million in cash as a dividend, calculate its debt-to-equity ratio after the dividend payment.
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