Debt to equity ratio and price-earnings ratio

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Reference no: EM131568176

Lucky Lenders, Inc., has current liabilities of $200 million, long-term debt of $110 million, current assets of $322 million, fixed assets of $619 million, and total equity of $631 million.The market value of the firm's current assets is $330 million, and the market value of its fixed assets is $645 million. The market value of its current liabilities is $200 million, and the market value of its long-term debt is $110 million, The firm's tax rate is 30%, and it pays 6% interest on its long term debt. The company has 10 million common shares outstanding that trade at $22 per share. There's no preferred stoc, and net income available to common shareholders was $15 million.

Calculate Lucky Lender's, Inc.'s, Debt ratio, Debt to equity ratio, and Price-earnings (PE) ratio. Show your work.

Reference no: EM131568176

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