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How much debt must the company add or subtract

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Question - Bostian, Inc. has total assets of $570,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?

a. $128,612

b. $128,724

c. $128,556

d. $128,668

e. $128,500

Reference no: EM132535240

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