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03-06-2023
Business

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Meyer Inc.'s assets are $1,000,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt ratio of 55% without changing the amount of assets the firm has. How much debt must the company add to achieve the target debt ratio? a. $365.000 b. $295,000 c. $410,000 d. $335,000 e. $395.000

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