Question

A firm has total debt of $4,850 and a debt-equity ratio of 0.57. What is the value of the total assets?

Answer 1

Answer:

Explanation:

Debt - Equity Ratio = Total Debt / Total Equity

0.57 = 4,850 / Total Equity

Total Equity = 8,509

Now you can figure out total assets by using the accounting equation:

Assets = Liabilities + Equity

Assets = 4,850 + 8,509

Assets = 13,359

Answer 2

Answer:

assets = 13359

Hope it helps you.