TechStar Inc. has assets with a market value of $600 million, including $80 million in cash. It has outstanding debt with a market value of $200 million, and 25 million shares outstanding. Assuming perfect capital markets, if the company pays out the $80 million in cash as a dividend, calculate its debt-to-equity ratio after the dividend payment.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter3: Evaluation Of Financial Performance
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TechStar Inc. has assets with a market value of $600 million,
including $80 million in cash. It has outstanding debt with a market
value of $200 million, and 25 million shares outstanding. Assuming
perfect capital markets, if the company pays out the $80 million in
cash as a dividend, calculate its debt-to-equity ratio after the
dividend payment.
Transcribed Image Text:TechStar Inc. has assets with a market value of $600 million, including $80 million in cash. It has outstanding debt with a market value of $200 million, and 25 million shares outstanding. Assuming perfect capital markets, if the company pays out the $80 million in cash as a dividend, calculate its debt-to-equity ratio after the dividend payment.
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