Home Corporation has interest-bearing debt with a market value of $71.9 million. The company also has 1.9 million shares that

Home Corporation has interest-bearing debt with a market value of $71.9 million. The company also has 1.9 million shares that

Question:

Home Corporation has interest-bearing debt with a market value of $71.9 million. The company also has 1.9 million shares that sell for $22 per share. What is the debt-equity ratio for this company based on market values? 

Expert Answer:

Answer rating: 100% (QA)

The debt equity ratio based on market values is calculated by divi
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