Cersie Inc.'s latest EPS was 3.50, its book value per share was 22.75, it had 215,000 shares outstanding, and its debt ratio was 46%. How much debt was outstanding?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12P: The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of...
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Cersie Inc.'s latest EPS was 3.50, its book value
per
share was 22.75, it had 215,000 shares outstanding,
and its debt ratio was 46%. How much debt was
outstanding?
Transcribed Image Text:Cersie Inc.'s latest EPS was 3.50, its book value per share was 22.75, it had 215,000 shares outstanding, and its debt ratio was 46%. How much debt was outstanding?
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