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27 December, 23:41

Cado industries has total debt of $6,800 and a debt-equity ratio of. 36. what is the value of the total assets

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  1. 28 December, 00:00
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    Total debt = $6,800

    debt equity ratio = 0.36

    now first we calculate the total equity by using this formula,

    Total equity = total debt / debt equity ratio

    total equity = $6,800 /.36

    = $18,889

    Now total assets = total debt + total equity

    Total assets = $6,800 + 18,889

    = $25,689

    thus the value of assets is $25,689
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