UNDERSTANDING BUSINESS (LL/ACCESS)
UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
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Chapter 18.5, Problem 16TP
Summary Introduction

To discuss: The term leverage and the reason behind using it.

Introduction: Leverage refers to the amount of borrowing, when an entity uses to finance the assets. High leverage means debt are more than equity and vice-versa.

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