When your firm's debt-to-equity ratio exceeds 4, the long term debt interest rate is 3%. True False
Question
Solution 1
This statement is False.
Explanation:
The debt-to-equity ratio indicates the proportion of debt a company uses to finance its assets relative to shareholders' equity. A ratio exceeding 4 means that for every dollar of equity, the company has four dollars of debt, indicating a high level of Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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