Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding? Select the correct answer. a. S 2,615,995 b. $2,616,760 c. $2,616,505 d. $2,616, 250 e. $2,617,015
Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding? Select the correct answer. a. S 2,615,995 b. $2,616,760 c. $2,616,505 d. $2,616, 250 e. $2,617,015
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 135,000 shares outstanding, and its debt-to-assets ratio was 46%. How much debt was outstanding? Select the correct answer. a. S
2,615,995 b. $2,616,760 c. $2,616, 505 d. $2,616, 250 e. $2,617, 015
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