Nano-Technologies bought out RT-Micro using financing as follows: $16 million from mortgages, $4 million from retained...
Nano-Technologies bought out RT-Micro using financing as follows: $16 million from mortgages, $4 million from retained earnings, $12 million from cash on hand, and $30 million from bonds. Determine the debt-to-equity mix.
Is cash on hand considered an equity or neither? Please explain why. With this information, calculating the ratio is easy. I'm just stuck on either including or not including the 12 million as there are multiple solutions that contradict one another. Thanks!
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Nano-Technologies bought out RT-Micro using financing as
follows: $16 million from mortgages, $4 million from retained...
Nano-Technologies bought out RT-Micro using financing as follows: $16 million from mortgages, $4 ...
Nano-Technologies bought out RT-Micro using financing as follows: $16 million from mortgages, $4 million from retained earnings, $12 million from cash on hand, and $30 million from bonds. Determine the debt-to-equity mix. (Please do not say that the cash on hand is not included but retained earnings is, but switch up the numbers. Please be clear on why your using each number. Thanks!) Is cash on hand considered an equity or neither? Please explain why. With this information, calculating the...
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