3 points Question 3 A company currently has total liabilities (debt) of $215,000 and an equity ratio of 60%. The new CFO
Posted: Fri Jul 01, 2022 7:47 am
- 3 Points Question 3 A Company Currently Has Total Liabilities Debt Of 215 000 And An Equity Ratio Of 60 The New Cfo 1 (17.33 KiB) Viewed 38 times
3 points Question 3 A company currently has total liabilities (debt) of $215,000 and an equity ratio of 60%. The new CFO wants to establish a debt ratio of 28%. The size of the firm (assets) does not change. How much debt must the company add or subtract to achieve the target debt ratio? Enter you answer as a number with two decimal places of precision (i.e. 1.23). If the company needs to INCREASE the amount of debt they are using, enter your answer as a positive number (but do not use the '+' sign). If the company needs to DECREASE the amount of debt they are using, enter your answer as a negative number with a preceding - sign. Save Answer