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A firm has total equity of $1,200 and a debt-equity ratio of .40. What is the value of the total assets? A. $2,080 B. $1,680
A firm has total equity of $1,200 and a debt-equity ratio of .40. What is the value of the total assets?
A. | $2,080 | |
B. | $1,680 | |
C. | $2,280 | |
D. | $1,480 | |
E. | $1,280 |
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