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)

The market value of Fibonnacci's equity is $21 million. What is Fibonacci's debt ratio?
A) .38
B) .23
C) .125
D) .24

Answer: A

Business

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________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.

A) Damages B) Remedies C) Recession D) Compensation E) Avoidance

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Brighton, Inc. issued 25,000 shares of $10 par value common stock for $500,000, purchased 10,000 shares of treasury stock with a par value of $10 for $150,000, and paid $20,000 in cash dividends. Net cash flows from financing activities totaled

A. $0. B. $330,000. C. $180,000. D. ($570,000).

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