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Rickos Rickos
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7 years ago
Merrimac Brewing company's total assets equal $18 million. The book value of Merrimac's equity is $6 million.  Excess cash is $200,000.  The market value of Merrimac's equity is $10 million. It's Debt to Enterprise Value ratio is .5.  What is the book value of Merrimac's interest- bearing debt?
A) $5 .25million
B) $10.2 million
C) $15 million
D) $20.4 million
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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7 years ago
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