Binomial tree farmrsquos financing includes 7 million of, Ask an Expert

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Binomial Tree Farm’s financing includes $7 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.87 million. It has 500,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16 per share. Calculate debt and equity ratio. (Round your answers to 3 decimal places)

Debt ratio

Equity ratio

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91268635

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