Bostian, Inc.has total assets of $625, 000.Its total debt outstanding is $185, 000.The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%.How much debt must the company add or subtract to achieve the target debt ratio?
A) $158, 750
B) $166, 688
C) $175, 022
D) $183, 773
E) $192, 962
Correct Answer:
Verified
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