Question
30 - ABC. reported a debt to equity ratio of 1.4 times at the end of 2018. If the firm's total assets at year-end were
30 - ABC. reported a debt to equity ratio of 1.4 times at the end of 2018. If the firm's total assets at year-end were $19.2 million, how much of their assets are financed with debt and how much with equity?
Total debt = $7.2m; Total equity = $12m.
Total debt = $11.2m; Total equity = $8m.
Total debt = $8m; Total equity = $11.2m.
Total debt = $12m; Total equity = $7.2m.
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
