Current total value-what is the debt-equity ratio

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Neal Enterprises has no debt. Its current total value is $75.2 million. Assume the company sells $34.6 million in debt. Requirement 1: Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Debt-equity ratio Requirement 2: Assume the company’s tax rate is 30 percent. What is the debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Debt-equity ratio

Reference no: EM131059857

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