问题
单项选择题
Assume a firm with a debt to equity ratio of 0.50 and debt equal to $ 35 million makes a commitment to acquire raw materials with a present value of $12 million over the next 3 years. For purposes of analysis the best estimate of the debt to equity ratio should be :（）
A. 0.343.
B. 0.500.
C. 0.671.
答案
参考答案：C
解析：
The original debt/equity ratio = 35/70 = 0.5. Now adjust the numerator but not the denominator. Why You have commitments (liabilities) but no new equity because (non-current) liabilities and assets are increased by the same amount. D/E = (35 + 12)/70 =0.671.
