Ex-Oil discovered that the total debt amounted to EUR 350,000, and the total assets amounted to slightly over EUR 1 million. What should be Ex-Oil's next step? 

a) Investigate alternative financing options for the deal, as Imp-Oil's total debt is too high proportional to its total assets. 

b) Discuss open unlimited account terms with Imp-Oil, as its total debt ratio suggests a very low level of risk. 

c) Compare this ratio with similar companies to determine if it is on par with industry ratios. 

d) Increase production in Venezuela, as Imp-Oil has a large amount of free capital and is likely to invest in future purchases

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Based on the information gave the total debt of EUR 350000 compared to total assets of sl... View the full answer