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11) A firm has total debt of  $1500 and a debt–equity ratio of  0.35. What is the value...

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

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Answer #1

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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