Ramirez company is considering a project that will require, Ask an Expert

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Ramirez Company is considering a project that will require a $500,000 loan. It presently has total liabilities of $220,000, and total assets of $620,000.

1. What would be the Current debt-to-equity ratio?

2. Compute Ramirez's debt-to-equity ratio assuming it borrows 500,000 to fund the project.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986402

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