Calculate debt and equity ratio

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Reference no: EM13727180

Binomial Tree Farm’s financing includes $6.7 million of bank loans. Its common equity is shown in Binomial’s Annual Report at $6.84 million. It has 500,000 shares of common stock outstanding, which trade on the Wichita Stock Exchange at $16.3 per share. Calculate debt and equity ratio

Reference no: EM13727180

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