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GarryVolchara [31]
2 years ago
8

A firm has total debt of $1,360 and a debt-equity ratio of 0.21. What is the value of the total assets

Business
1 answer:
Vitek1552 [10]2 years ago
6 0

Answer:

$7,836.19

Explanation:

Debt / Equity = 0.21 / 1

$1,360/Equity = 0.21 / 1

Equity = $1,360/0.21

Equity = $6,476.19047

Total assets = Debt + Equity

Total assets = $1,360 + $6,476.19047

Total assets = $7,836.19047

Total assets = $7,836.19

So, the value of the total assets is $7,836.19

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