Pace Corp'S Assets Are $625,000,and Its Total Debt Outstanding Is $185,000

question 82

Multiple Choice

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

• A)$158,750
• B)$166,688
• C)$175,022
• D)$183,773

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