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22 June, 10:23

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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  1. 22 June, 11:51
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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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