Brookman inc's latest eps was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt ratio was 44%. how much debt was outstanding? a. $4,586,179b. $4,827,557c. $5,081,639d. $5,349,094e. $5,630,625

Total Debt = 5,630,635

Outstanding shares * book value per share = equity

315000 x 22.75 = 7,166,250

where:

assets = amount of debt + equity

equity = 7,166,250

amount of debt = 7,166,250 * .44 / .56 = 5,630,635

Securities can be categorized as debt and equity such as bonds and stocks. Companies or institutions that issue securities are called publishers. These securities may consist of debt instruments, commercial papers, shares, bonds, units of collective investment contracts (such as mutual funds, futures contracts on securities, and any derivatives of securities). The qualifications of an effect vary according to the rules in each country.

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Debt  

Outstanding shares  

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Grade: College

Subject: Business

Keyword: debt, outstanding, shares

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