Answered: Oceanic Transport Ltd. has a…

Oceanic Transport Ltd. has a debt-to-equity ratio of 2.25, and total debt of $27 million at year-end. How much equity does the company report on its balance sheet?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Could you help me solve this financial accounting question using appropriate calculation techniques?

Oceanic Transport Ltd. has a debt-to-equity ratio of 2.25,
and total debt of $27 million at year-end. How much
equity does the company report on its balance sheet?

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