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Bostian, Inc

Question 52

Multiple Choice

Bostian, Inc.has total assets of $625,000.Its total debt outstanding is $185,000.The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%.How much debt must the company add or subtract to achieve the target debt ratio?


A) $158,750
B) $166,688
C) $175,022
D) $183,773
E) $192,962

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