A firm has total debt of $4,620 and a debt-equity ratio of 0.57. What is the value of the total assets?

A firm has total debt of $4,620 and a debt-equity ratio of 0.57. What is the value of the total assets?



a. $6,128.05

b. $7,253.40

c. $9,571.95

d. $11,034.00

e. $12,725.26

Answer: E


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