Problem 13-15 M&M (LO 1] Bird Enterprises has no debt. Its current total value is...
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Problem 13-15 M&M (LO 1] Bird Enterprises has no debt. Its current total value is $50.8 million. Assume the company sells $20.3 million in debt. a. Ignoring taxes, what is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Assume the company's tax rate is 24 percent. What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) a. Debt-equity ratio b. Debt-equity ratio 5.080,000.00 556.720.00
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