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papahomer papahomer
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7 years ago
Fibonacci Property Management's balance sheet shows total liabilities of $5 million and total assets of $13 million. Interest bearing liabilities total $3 million (book value).  Excess cash $500,000.  The market value of Fibonacci's equity is $21 million. Fibonacci's Debt to Enterprise Value ratio is
A) .38.
B) .23.
C) .125.
D) .106.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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