Answered: Vigo Vacations has $205 million in…

Vigo Vacations has $205 million in total assets, $5 million in notes payable, and $25.5 million in long-term debt. What is the debt ratio?

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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Accounting vigo vacations has 205$ million in total assets

Vigo Vacations has $205 million in total assets,
$5 million in notes payable, and $25.5 million
in long-term debt.
What is the debt ratio?

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