13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amoun

Question

mafiozo [28]

3 years ago

8

13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amoun

t of total debt?
A. $146,700
B. $461,700
C. $119,700
D. $191,700

Mathematics

1 answer:

Maru [420] · Answer 1 · 2022-08-24T00:50:59+03:00

Maru [420]3 years ago

6 0

To answer this, create equivalent rates of debt to total assets. I would write 71/100 to x/270000. To create equivalent rates, multiply both numerator and denominator by 2700. 71 x 2700 =$191700.