Multiple Choice
A firm with no leases has a long-term debt ratio of 50 percent.This means that the book value of equity:
A) Equals the book value of long-term debt
B) Is less than the book value of long-term debt
C) is greater than the book value of long-term debt
D) is unknown in relation to the book value of long-term debt
Correct Answer:
Verified
Correct Answer:
Verified
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