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
Its Debt to Enterprise Value ratio is .5. What is Merrimac's Debt Ratio?
A) .75
B) .67
C) .33
D) .25
Answer: B
Business
You might also like to view...
A buyer agrees not to sell alcoholic beverages on the property being acquired. This fact is noted in the deed granting buyer title to the property. The buyer has:
a. a cause of action against the seller for unlawful restraint of title. b. taken fee simple defeasible title to the property. c. acquired the property subject to a condition subsequent. d. none of the above.
Business
An individual's ________ determines his or her opportunity to purchase certain products or services, or the limitations on such purchases
A) self-identity B) personality C) attitude D) affluence E) cognitive age
Business