Answer:
Option D.
Step-by-step explanation:
The formula for total debt ratio is
It can be rewritten as
.... (1)
We know that,
... (2)
Using (1) and (2) we get
Substitute total debt ratio=0.46 in the above equation.
Therefore, the correct option is D.
Answer:
(4,−5)
Step-by-step explanation:
I think it would be 50% let’s hope
26% less than a value is best found by multiplying by (100 - 26)% = 74% = 0.74
So previous year x 0.74 = 40,700
Previous year = 40,700 / 0.74 = $55,000