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Merrimac Brewing Company's Total Assets Equal $18 Million

question 35

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Merrimac Brewing company's total assets equal $18 million. The book value of Merrimac's equity is $6 million. Excess cash is $200,000. The market value of Merrimac's equity is $10 million. It's Debt to Enterprise Value ratio is .5. What is Merrimac's Debt Ratio?

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Definitions:

Sequential Function Chart

A graphical programming language used in programmable logic controllers (PLCs) for describing steps or states and the transitions between them.

Ladder Logic

A graphical programming language used to develop software for programmable logic controllers (PLCs) that emulates electrical relay logic.

SINT Base Tag

A Signed Integer Base Tag, representing a data type in programming that stores negative or positive whole numbers.

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