A company has total debt of $2,000 and a debt-equity ratio of 0.4. What is the value of the total assets?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...
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A company has total debt of $2,000 and a
debt-equity ratio of 0.4. What is the value of
the total assets?
Transcribed Image Text:A company has total debt of $2,000 and a debt-equity ratio of 0.4. What is the value of the total assets?
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