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A Recent Graduate's Debt Status. Chelsea Menken recently graduated with a degree in food science and now works for a major consumer foods company earning $20K per year with about $36,000 in take-home pay. She rents an apartment for $1040 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $8000. She has been making the minimum payment on the account of about $320. She has assets of $14,000.
(a) Calculate Chelsea's debt payment-to-disposable income and debt-service-to-income ratios.
(b) Calculate Chelsea's debt-to-equity ratio.
(c) Comment on Chelsea's debt situation and her use of student loans and credit cards while in college.
1.a corporations securities have the following betas and market valuesa.beta market value b.debt 0.1 100000c.preferred
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