Multiple Choice
A firm has $100 million in current liabilities, $200 million in long-term debt, $300 million in stockholders' equity, and total book assets of $600 million. There are 100 million shares outstanding with a share price of $16. Calculate the debt ratio for the firm.
A) 11.1 percent
B) 66.7 percent
C) 50 percent
D) 33 percent
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Briefly explain the two different types of
Q2: Which of the following instruments gives the
Q3: Suppose a group of outsiders solicits shareholders'
Q5: A corporate bond that can be exchanged
Q6: Briefly explain the voting rights of shareholders.
Q7: The premium paid by investors to gain
Q8: LIBOR stands for London Interbank Offered Rate.
Q9: Internally generated cash is calculated as<br>A)retained earnings
Q10: Suppose a firm sets aside assets to
Q11: In the United Sates, who holds the