Pace corp.s assets are 625000 and its total debt, Ask an Expert

Management Studies

Pace Corp.'s assets are $625,000, and its total debt outstanding is $185,000. The new CFO wants to employ a debt ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?

a. $158,750

b. $166,688

c. $175,022

d. $183,773

e. $192,962

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9107206

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