Tart companys most recent balance sheet reports total, Ask an Expert

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Tart Company's most recent balance sheet reports total assets of $42,000,000, total liabilities of $16,000,000 and stockholders' equity of $26,000,000. Management is considering using $3,000,000 of excess cash to prepay $3,000,000 of outstanding bonds. What effect, if any, would prepaying the bonds have on the company's debt-to-equity ratio?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985506

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