Chris sells books for a commission of $2.60 per book and $50 a month. His salary is determined by the function M=2.60 b+50, wher
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Given:
Total debt ratio (total debt to total assets) = 0.365
Total debt = $500,000
To find:
The total assets.
Solution:
We know that,
On substituting the given values, we get
Therefore, the value of total assets is $1369863.0137.