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13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amount of total debt? A. $146,700 B. $461,70…

13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amount of total debt? A. $146,700 B. $461,70…
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13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amount of total debt?

A. $146,700
B. $461,700
C. $119,700
D. $191,700

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User Franswa
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1 Answer

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To answer this, create equivalent rates of debt to total assets. I would write 71/100 to x/270000. To create equivalent rates, multiply both numerator and denominator by 2700. 71 x 2700 =$191700.
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User SATO Yusuke
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