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Business, 09.12.2019 22:31 RoyalFox9574

Last year, arbor corporation reported the following: balance sheet total assets $920,000 total liabilities 580,000 total shareholders' equity $340,000 this year, arbor is considering whether to issue more debt to fund a $100,000 project or to issue additional shares of common stock. both options will bring in exactly $100,000. arbor's current debt contracts contain a debt covenant that requires it to maintain a debt-to-equity ratio of 2.00 or less. required: 1. calculate arbor's current debt-to-equity ratio. (round your answer to 2 decimal places.)

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