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BaLLatris [955]

2 years ago

6

Benjamin's age is 6 years less than twice Lucas's age. If Benjamin is 12 years old, how old is Lucas? Choose the answer below th

at is a viable solution to this problem

1 answer:

julsineya [31]2 years ago

3 0

We can express Benjamin's age with x, we can express Luca's age as y.

x-6=2y

So, if x=12

2y=6

y=3

Therfore, Lucas is 3 years old

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Coulter Supply has a total debt ratio of .46. What is the equity multiplier? Select one: a. .89 b. 1.17 c. 1.47 d. 1.85 e. 2.17

Archy [21]

Answer:

Option D.

Step-by-step explanation:

The formula for total debt ratio is

$\text{Total debt ratio}=\dfrac{\text{Total assets - Total Equity}}{\text{Total assets}}$

It can be rewritten as

$\text{Total debt ratio}=1-\dfrac{\text{Total Equity}}{\text{Total assets}}$ .... (1)

We know that,

$\text{ Equity multiplier}=\dfrac{\text{Total Equity}}{\text{Total assets}}$ ... (2)

Using (1) and (2) we get

$\text{Total debt ratio}=1-\dfrac{1}{\text{Equity multiplier}}$

Substitute total debt ratio=0.46 in the above equation.

$0.46=1-\dfrac{1}{\text{Equity multiplier}}$

$0.46-1=-\dfrac{1}{\text{Equity multiplier}}$

$-0.54=-\dfrac{1}{\text{Equity multiplier}}$

$\text{Equity multiplier}=-\dfrac{1}{-0.54}$

$\text{Equity multiplier}=1.85185185$

$\text{Equity multiplier}\approx 1.85$

Therefore, the correct option is D.

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