11) A firm has total debt of $1500 and a debt–equity ratio of 0.35. What is the value of the total assets? 11) ______
A) $4285.71
B) $3500.00
C) $5785.71
D) $5250.00
E) $2025.00
12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario's to sell its inventory? 12) ______
A) 55.66 days
B) 85.17 days
C) 84.00 days
D) 72.66 days
E) 65.23 days
11)
Total assets:
= Total debt×(1+0.35)
= $1,500×1.35
= $2,025
Hence, correct option is E) $2,025
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11) A firm has total debt of $1500 and a debt–equity ratio of 0.35. What is the value...
12) Mario's Home Systems has sales of $2820, costs of goods sold of $2160, inventory of $504, and accounts receivable of $430. How many days, on average, does it take Mario's to sell its inventory? 12) ______ A) 55.66 days B) 85.17 days C) 84.00 days D) 72.66 days E) 65.23 days
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