In its annual report driver enterprises reported total debt, Ask an Expert

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In its annual report Driver Enterprises reported total debt of $571 and total assets of $2,769. Reviewing a footnote,you have found that the company has ten years of operating lease obligations of $60 per year. The company faces a cost of debt of 8%. Calculate the debt ratio for the company after incorporating the lease obligations using the present value method. Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%.

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Financial Management, Finance

Category:- Financial Management
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