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Fibonacci Property Management's Balance Sheet Shows Total Liabilities of $5

Question 13

Multiple Choice

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

Correct Answer:

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