A firm has total debt of $1,540 and a total debt-to-equity ratio of .39. What is the value of Total Assets?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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A firm has total debt of $1,540 and a total debt-to-equity ratio of .39. What is the value of Total Assets?

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Step 1

Total Debt = $1540

Debt / Equity Ratio = 0.39

Debt / Equity Ratio = Debt / Equity

 

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