I am trying to figure out this problem if someone could help.
EPS = 4.00
BV per share - 20.00
shares outstanding - 200,000
debt ratio = 40%
How much debt was outstanding/
I have multiplied 200,000 * 20.00 = 4,000,000.00
then I have divided by all of the choices that I have and I can not get to 40%. If someone could explain how this might work I would greatly appreciate it.
Thanks,
EPS = 4.00
BV per share - 20.00
shares outstanding - 200,000
debt ratio = 40%
How much debt was outstanding/
I have multiplied 200,000 * 20.00 = 4,000,000.00
then I have divided by all of the choices that I have and I can not get to 40%. If someone could explain how this might work I would greatly appreciate it.
Thanks,