nano-technologies bought out rt-micro using financing as follows: $16 million from mortgages, $4 million from retained earnings, $12 million from cash on hand, and $30 million from bonds. determine the debt-to-equity mix.

Answer

2.875

Q:What is the total financing used by nano-technologies? A:The total financing used by nano-technologies is: $16 million + $4 million + $12 million + $30 million = $62 million.
Q:What is the total debt? A:The total debt is $16 million + $30 million = $46 million.
Q:What is the total equity? A:The total equity is $4 million + $12 million = $16 million.
Q:What is the debt-to-equity mix? A:The debt-to-equity mix is $46 million / $16 million = 2.875.