The total asset of Harvey Merchandising is Php 2,500,000. If the debt ratio is 48.5% and debt-to-equity ratio 0.8, find the average shareholder's equity. A P1,750,500.00 P1,212,500.00 P582,000.00 R1 515 625 00
The total asset of Harvey Merchandising is Php 2,500,000. If the debt ratio is 48.5% and debt-to-equity ratio 0.8, find the average shareholder's equity. A P1,750,500.00 P1,212,500.00 P582,000.00 R1 515 625 00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![The total asset of Harvey Merchandising is Php 2,500,000. If the debt ratio is 48.5% and debt-to-equity ratio 0.8, find the average
shareholder's equity.
A) P1,750,500.00
B
P1,212,500.00
P582,000.00
D P1,515,625.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Facc2ee48-86f5-4e60-bfe9-dbddc1c5d663%2F50dc2034-e1aa-48d1-95bb-f5f2952d05a0%2Fzpqvrxr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The total asset of Harvey Merchandising is Php 2,500,000. If the debt ratio is 48.5% and debt-to-equity ratio 0.8, find the average
shareholder's equity.
A) P1,750,500.00
B
P1,212,500.00
P582,000.00
D P1,515,625.00
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