Homework Answers
| Debt = $74.3 millions | |||||
| Shareholders equity = 1.6 millions shares *$37 per share | |||||
| =$59.2 million | |||||
| Debt To Equity Ratio = Total Debt / Total Equity | |||||
| =$74.3 million/$59.2 million | |||||
| =1.255 | times | ||||
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