Multiple Choice
Fibonacci Property Management's balance sheet shows total liabilities of $5 million and total assets of $13 million. Interest bearing liabilities total $3 million (book value) . The market value of Fibonacci's equity is $21 million. Fibonacci's debt ratio is
A) .38.
B) .23.
C) .125.
D) .24.
Correct Answer:

Verified
Correct Answer:
Verified
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