Business, 10.03.2020 16:43, sydneyrasmussen

You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $34.00 million in assets with $31.00 million in debt and $3.00 million in equity. LotsofEquity, Inc. finances its $34.00 million in assets with $3.00 million in debt and $31.00 million in equity.

Calculate the debt ratio. (Round your answers to 2 decimal places.)

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Debt ratio
Lots of Debt %
Lots of Equity %

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You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.)...