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Calculate the debt ratio for the company

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Question - In its most recent financial statements Driver Enterprises reported total debt of $1,737 and total assets of $5,130. In a footnote Driver reported 5 years of future lease obligations averaging $200 per year. The firm faces a cost of debt of 4%. Calculate the debt ratio for the company after incorporating the valuation of the lease obligations.

Reference no: EM133070209

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