help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Springfield Bank is evaluating Crook EnterpnseS, which has requested a $3,930,000 loan, to firm's financial leverage and financial risk

Springfield Bank is evaluating Crook EnterpnseS, which has requested a $3,930,000 loan, to firm's financial leverage and financial risk

Finance

Springfield Bank is evaluating Crook EnterpnseS, which has requested a $3,930,000 loan, to firm's financial leverage and financial risk. On the basis of the debt ratios for Creek, along with II averages and Creek's recent financial statements, evaluate and recommend appropriate action request. 
irprises's debt ratio is 
_ (Round to two decimal places ) 
answer in the answer box and then click Check Answer. 

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

As you have not provided the table for calculation of debt ratio. So, I have assumed the following data:

Total Debt = Total Current Liabilities + Long-term Debt 

= $16,550,000+$20,204,000

Total Debt = $36,754,000

 

Total Assets = $50,504,000

 

Debt Ratio = Total Debt / Total Assets 

= $36,754,000/$50,504,000

Debt Ratio = 0.73 

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)