TechStar Inc. has total debt of $85 million and 15 million shares outstanding with a market price of $8.00 per share. What is TechStar's market debt-equity ratio? A) 0.71 B) 1.25 C) 0.92 D) 0.44
TechStar Inc. has total debt of $85 million and 15 million shares outstanding with a market price of $8.00 per share. What is TechStar's market debt-equity ratio? A) 0.71 B) 1.25 C) 0.92 D) 0.44
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1STP
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What is techstars market debt equity ratio? General accounting

Transcribed Image Text:TechStar Inc. has total debt of $85 million and 15 million shares outstanding
with a market price of $8.00 per share. What is TechStar's market debt-equity
ratio?
A) 0.71
B) 1.25
C) 0.92
D) 0.44
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