FIN 515 WEEK 4 QUIZ - 43590

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10 multiple choice questions.


1. (TCO A) Which of the following statements is CORRECT?

 

2. (TCO G) A security analyst obtained the following information from Prestopino Products’ financial statements:

3.  TCO G) Beranek Corp. has $410,000 of assets, and it uses no debt—it is financed only with common equity. The new CFO wants to employ enough debt to bring the debt/assets ratio to 40%, using the proceeds from the borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?

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