MC Qu. 120 The current balance sheet of Apex reports.... The current balance she
ID: 2360484 • Letter: M
Question
MC Qu. 120 The current balance sheet of Apex reports....
The current balance sheet of Apex reports total assets of $42 million, total liabilities of $13 million, and owners' equity of $29 million. Apex is considering several financing possibilities in order to expand operations. Each question based on this data is independent of any others.
Assume Apex borrows $5 million to finance its expansion. Apex's debt ratio immediately after the borrowing will be:
The current balance sheet of Apex reports total assets of $42 million, total liabilities of $13 million, and owners' equity of $29 million. Apex is considering several financing possibilities in order to expand operations. Each question based on this data is independent of any others.
Explanation / Answer
.12 is the correct option.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.