1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semenov [28]
2 years ago
11

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 220,000 shares outstanding, and its debt-to-ass

ets ratio was 46%. How much debt was outstanding? Select the correct answer. a. $4,262,849 b. $4,264,188 c. $4,263,519 d. $4,263,184 e. $4,263,853
Business
1 answer:
stellarik [79]2 years ago
5 0

Answer: Option (c) is correct.

Explanation:

Given that,

EPS = $3.50

Book value per share = $22.75

Shares outstanding = 220,000

Debt-to-assets ratio = 46%

Total Equity (Book Value) = Book value per share × Shares outstanding

                    = $22.75 × 220,000

                    = $5,005,000

Total Assets = \frac{Total\ Equity}{1 - Debt\ to\ assets\ ratio}

                     =  \frac{5,005,000}{1 - 0.46}

                     = $9,268,518.52

Debt outstanding = Total Assets - Total Equity

                              = $9,268,518.52 - $5,005,000

                              = $4,263,518.52

                              = $4,263,519 (approx)

You might be interested in
Someone in an organization recognizes a need. What should be the next step
Oxana [17]

Answer:D.

Someone is given responsibility for deciding how to meet the need.

Explanation:

8 0
3 years ago
Read 2 more answers
At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec
Anettt [7]

Nate finds the language of the contract to buy bedroom furniture difficult to understand due to "procedural unconscionability".

<h3>What is procedural unconscionability?</h3>

Unconscionability that results from the contract-making process rather than from a contract's terms that are inherently unfair or unreasonable

Examples of Procedural Unconscionability is-

  • influencing an underprivileged party who would not have otherwise signed the contract to do so.
  • minimising important clauses in contracts for the sake of the underdog.
  • If one side uses threats of violence against the other party, his family, or friends, this is known as coercion.

Therefore, Procedural unconscionability is based on elements that deprive a party of a meaningful choice, such as customer ignorance or a significant amount of unclear fine print.

To know more about elements required in contract-making, here

brainly.com/question/8116487

#SPJ4

6 0
2 years ago
Data for Divisions A, B, C, D, and E are as follows:
Law Incorporation [45]

Answer:

1. A

2. B WHICH DIVISONS IS MUST PROFITABLE IN TERM OF RACE OF TURN ON ENVRONMENT

6 0
3 years ago
C&amp;s wholesale grocers and if you were cohen and had decided to announce the transition to self-managed teams, what would you
soldi70 [24.7K]
<span>Now we have decided to change our market strategy to one which has taken the form of team management. We have best decided to change from one overall manager to smaller, self managed teams which we believe will be better for the company and the productivity of the team and show overall improvement. We hope that we will have your continued support on this matter.</span>
8 0
3 years ago
A(n) ___________ is a visual depiction of numeric data
Brums [2.3K]
A Chart is a visual depiction of numeric data. It is a way of displaying data, and math. A very popular, way used by teachers and math maticians, and lots more. They use charts to display data and show mathematical problems.
~Silver
8 0
3 years ago
Other questions:
  • Nancy has been asked to prepare a presentation for her class that compares the market share data of three breakfast cereals from
    14·2 answers
  • As dvds become popular substitutes for video cassettes, demand for video cassettes is likely to
    14·1 answer
  • One of the main tools used by economists to measure the actual distribution of income is
    7·1 answer
  • The balance sheet reports the A. financial position on a specific date. B. financial position for a specific period. C. results
    14·1 answer
  • WHOEVER ANSWERS THIS IN 2 MINS GETS BRAINLIEST!!
    14·1 answer
  • A business incurs a blank when expenses are higher then revenue
    13·1 answer
  • Washburn Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $216,000. Estimated machine
    11·1 answer
  • The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether
    11·1 answer
  • Oriole Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $28
    14·1 answer
  • You are asked to give a presentation for a local university business class. What should you focus on first when preparing for yo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!