A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60 mill

Question

3 years ago

15

A firm has current assets that could be sold for their book value of $10 million. The book value of its fixed assets is $60 mill

ion, but they could be sold for $90 million today. The firm has total debt with a book value of $40 million, but interest rate declines have caused the market value of the debt to increase to $50 million. What is this firm’s market-to-book ratio? (Round your answer to 2 decimal places.)

Mathematics

1 answer:

Illusion [34] · Answer 1 · 2022-03-25T23:57:44+03:00

Illusion [34]3 years ago

7 0

Answer:

Step-by-step explanation:

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