Three piggies enterprises has no debt its current total, Ask an Expert

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Three Piggies Enterprises has no debt. Its current total value is $73.2 million. Assume the company sells $33.6 million in debt.

a. Ignoring taxes, what is the debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio

b. Assume the company’s tax rate is 38 percent. What is the debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio

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Financial Management, Finance

Category:- Financial Management
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