Corporate Finance: A Focused Approach (mindtap Course List)
Corporate Finance: A Focused Approach (mindtap Course List)
7th Edition
ISBN: 9781337909747
Author: Michael C. Ehrhardt, Eugene F. Brigham
Publisher: South-Western College Pub
Question
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Chapter 3, Problem 2P
Summary Introduction

To calculate:  The debt ratio.

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Vigo Vacations has $200 million in total assets, $5 million in notes payable,and $25 million in long-term debt. What is the debt ratio?
Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $21 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.
What is the debt ratio if the total assets financed with a debt total of 3.7 million in assets total is 7.5 million?
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