What is the debt–equity ratio

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Reference no: EM131899470

Three Piggies Enterprises has no debt. Its current total value is $72.8 million. Assume the company sells $33.4 million in debt.

Ignoring taxes, what is the debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio

Assume the company’s tax rate is 40 percent. What is the debt–equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Debt–equity ratio

Reference no: EM131899470

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