Pace corporations assets are 625000 and its total debt


Pace Corporation's assets are $625,000, and its total debt outstanding is $185,000. The CFO wants to employ a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Pace corporations assets are 625000 and its total debt
Reference No:- TGS0978385

Expected delivery within 24 Hours