THE TOTAL DEBT TO TOTAL ASSETS OF LOGAN COMPANY WAS .71. THE TOTAL OF LOGAN'S ASSETS...
THE TOTAL DEBT TO TOTAL ASSETS OF LOGAN COMPANY WAS .71. THE TOTAL OF LOGAN'S ASSETS WAS $270,000. WHAT IS THE AMOUNT OF TOTAL DEBT?
A: $119,700
B: $461,700
C: $191,700
D: $146,700
Homework Answers
ANSWER :
TOTAL DEBT TO TOTAL ASSETS OF LOGAN COMPANY =0.71
TOTAL OF ASSETS =$270, 000
TOTAL DEBT/TOTAL ASSETS =0.71
TOTAL DEBT =0.71*TOTAL ASSETS
TOTAL DEBT =0.71*$270,000
TOTAL DEBT =$191,700.
So
Option C is answer.
Add Answer to:
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