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wariber [46]
1 year ago
7

A firm has total debt of $1,380 and a debt-equity ratio of .23. what is the value of the total assets?

Business
1 answer:
kotegsom [21]1 year ago
6 0

A company has a debt-to-equity ratio of.23 and total debt of $1,380. The overall assets have a value of $7,380.00.

What Is a Debt?

When one party borrows something—usually money—from another, it is said to be in debt. Many companies and people borrow money to pay for significant expenses that they otherwise wouldn't be able to cover. A debt agreement allows the borrower to take out a loan with the condition that it will be paid back later, usually with interest.

Loans, including credit card debt, auto loans, personal loans, and mortgages, are the most prevalent kind of debt. A loan's terms stipulate that the borrower must pay back the loan's remaining balance by a particular deadline, usually several years down the road.

To now more about Debt

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