Joe owns and operates socccer stores of america he has, Ask an Expert

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Joe owns and operates Socccer Stores of America. He has $450000 of his own money in the business as equity capital, but because of the use of debt, the total value of his stores is $600000. Calculate the percentage of debt in the corporation, and the corporation's leverage factor.

Percentage of debt in the corporation= %

Place your answer in percentage form with two decimal places.

The corporation's leverage factor=

Place your answer as a number with two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744187

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