Assignment Exercises 22-1 on page 400 Find three different financial statements that have varying capital structures. Write a paragraph about each that explains the debt-equity relationship and that computes the percent of debt and the percent of equity represented. Also note whether the percent of annual interest on debt is revealed in the notes to the financial statements. if so, do you believe the interest rate is fair and equitable? Why? •Assignment Exercises 23-1, 23-2, and 23-3 on pages 400 through 402
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