Question: Two public corporations, First Engineering and Midwest Development, each show capitalization of $160 million in their annual reports. The balance sheet for First indicates total
Two public corporations, First Engineering and Midwest Development, each show capitalization of $160 million in their annual reports. The balance sheet for First indicates total debt of $66 million and that of Midwest indicates net worth of $57 million. Determine the D-E mix for each company.
The D-E mix for First Engineering is ______ % ______%.
The D-E mix for Midwest Development is _____% _____%.
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