Fibonacci Property Management's Balance Sheet Shows Total Liabilities of $5

question 13

Multiple Choice

Fibonacci Property Management's balance sheet shows total liabilities of $5 million and total assets of $13 million.Interest bearing liabilities total $3 million (book value) .The market value of Fibonnacci's equity is $21 million.What is Fibonacci's debt ratio?

• A).38
• B).23
• C).125
• D).24

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