What would be the official definition for total capital in the level 1 exam?
Is total capital = total assets or interest bearing (short and long term) debt + common and preferred stockholders equity?
What would be the official definition for total capital in the level 1 exam?
Is total capital = total assets or interest bearing (short and long term) debt + common and preferred stockholders equity?
I think,
Total capital = Total debt + Total shareholder’s equity
Preferred stock is included in above.