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solina solina
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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 Merrimac's Debt Ratio?
A) .75
B) .67
C) .33
D) .25
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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LutionalLutional
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7 years ago
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solina Author
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#2
7 years ago
Simple and easy, thank u
Heavy Heart Thank you bio-forums! Heavy Heart
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