If a firm’s debt ratio is 45% this means ________ of the firm’s assets are financed by equity financing provided debt ratio = debt/Total Assets
A. 50%
B. 55%
C. 45%
D. Cannot be terminated without more information
Answer:B
If a firm’s debt ratio is 45% this means ________ of the firm’s assets are financed by equity financing provided debt ratio = debt/Total Assets
A. 50% B. 55% C. 45% D. Cannot be terminated without more information