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1. A firm has total debt of $450,000, and debt/equity ratio of 60% (0.6). what would be the value of total assets? 2. It takes

1. A firm has total debt of $450,000, and debt/equity ratio of 60% (0.6). what would be the value of total assets?

2. It takes on average of 36.5 days for a firm to collect its credit sales. If the accounts receivable balance is at 5,000 for 2018, what would be the amount of sales generated in 2018?

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