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SS Stores has total debt of $4,910 and a debt-equity ratio of 0.52. What is the value of the total assets? A) $16,128.05 B) $7,253.40 C) $9,571.95 D) $11,034.00 E) $14,352.31

SS Stores has total debt of $4,910 and a debt-equity ratio of 0.52. What is the value of the total assets? A) $16,128.05 B) $7,253.40 C) $9,571.95 D) $11,034.00 E) $14,352.31

Managerial Accounting: The Cornerstone of Business Decision-Making
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
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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SS Stores has total debt of $4,910 and a debt-equity ratio of 0.52. What is the value of the total assets? A) $16,128.05 B) $7,253.40 C) $9,571.95 D) $11,034.00 E) $14,352.31
Transcribed Image Text:SS Stores has total debt of $4,910 and a debt-equity ratio of 0.52. What is the value of the total assets? A) $16,128.05 B) $7,253.40 C) $9,571.95 D) $11,034.00 E) $14,352.31
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