Question: 5 Practice Exercises Saved Bird Enterprises has no debt. Its current total value is $48.4 million. Assume the company sells $19.1 million in debt. a.

5 Practice Exercises Saved Bird Enterprises has no debt. Its current total value is $48.4 million. Assume the company sells $19.1 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 22 percent. What is the debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Book Print erences a. Debt-equity ratio b. Debt-equity ratio

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