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total liab. 169000. equity 245000. 23000 shares at 12.70 per share. requires max to debt ratio...

total liab. 169000. equity 245000. 23000 shares at 12.70 per share. requires max to debt ratio .7. what is max additional amount can borrow after additional stock issued?
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Answer #1

Answer: $325,270 Total assets = Total liabilities + Total equity = $169,000 +($245,000 + (23,000 shares x $12.70)) = $706,100

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