Company add or subtract to achieve the target debt ratio

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Reference no: EM131048529

Meyer Inc's assets are $745,000, and its total debt outstanding is $215,000. The new CFO wants to establish a debt/assets ratio of 60%. The size of the firm does not change. How much debt must the company add or subtract to achieve the target debt ratio?

a. $168,563 b. $224,750 c. $191,038 d. $232,000 e. $271,948

Reference no: EM131048529

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