Problempace corporations assets are 625000 and its total, Ask an Expert

Finance

Problem:

Pace Corporation's assets are $625,000, and its total debt outstanding is $185,000. The CFO wants to employ a debt-to-assets ratio of 55%.

Required:

Question: How much debt must the company add or subtract to achieve the target debt ratio?

Please provide all calculation.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147437

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