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How much total debt does the company have

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Question - Bike Inc's latest Earnings per share (EPS) was $2.50 its book value per share (BVPS) was $20.00, it had 300,000 shares outstanding, and its debt ratio (debt/total asset ratio) was 40%. The firm finances using only debt and common equity. How much total debt does the company have?

Reference no: EM133115911

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