How much debt must the company add or subtract, Business Management

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How much debt must the company add or subtract

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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Request for Solution File

Ask an Expert for Answer!!

Business Management: How much debt must the company add or subtract

Reference No:- TGS0107206

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : What should the average weight be

Q : Asses the effectiveness of the strategy

Q : Are any of test scores values of students unusual

Q : What are some of the diversity of life forms

Q : How much debt must the company add or subtract

Q : What is the total cost function

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Request for Solution File

Ask an Expert for Answer!!

Business Management: How much debt must the company add or subtract

Reference No:- TGS0107206

Recent Questions Asked Business Management

Q : What should the average weight be

Q : Asses the effectiveness of the strategy

Q : Are any of test scores values of students unusual

Q : What are some of the diversity of life forms

Q : How much debt must the company add or subtract

Q : What is the total cost function

Q : Whole plants differ from processed foods

Q : Dealings with suppliers

Q : Indicate which test you are performing

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