Montclair Company is considering a project that will require a $660,000 loan. It presently has...
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Accounting
Montclair Company is considering a project that will require a $660,000 loan. It presently has total liabilities of $140,000, and total assets of $700,000. 1. Compute Montclairs (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $660,000 to fund the project.
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