Pregunta
Trina Corp has total assets of
. If total equity are
, find the debt-to-equity ratio. (Round to the nearest hundredth.)
Select one:
a.
b.
c.
d.
Select one:
a.
b.
c.
d.
Ask by Schneider John. in the United States
Mar 21,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
The debt-to-equity ratio is 0.71:1.
Solución
Step 1: Calculate Total Debt
The total debt is given by the difference between total assets and total equity.
The total debt is given by the difference between total assets and total equity.
Step 2: Calculate Debt-to-Equity Ratio
The debt-to-equity ratio is calculated by dividing total debt by total equity.
The debt-to-equity ratio is calculated by dividing total debt by total equity.
Answer:
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Beyond the Answer
To find the debt-to-equity ratio, you first need to calculate total liabilities. Total liabilities are calculated by subtracting total equity from total assets:
Now, the debt-to-equity ratio is calculated by dividing total liabilities by total equity:
When rounded to the nearest hundredth, the debt-to-equity ratio is
. Therefore, the correct answer is:
c.

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