Question: Montclair Company is considering a project that will require a $560,000 loan. It presently has total liabilities of $190,000, and total assets of $650,000. Compute

Montclair Company is considering a project that will require a $560,000

Montclair Company is considering a project that will require a $560,000 loan. It presently has total liabilities of $190,000, and total assets of $650,000. Compute Montclair's (a) present debt-to-equity ratio and (b) the debt-to-equity ratio assuming it borrows $560,000 to fund the project

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