Question
Trina Corp has total assets of
Select one:
a.
b.
c.
d.
Select one:
a.
b.
c.
d.
Ask by Schneider John. in the United States
Mar 21,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The debt-to-equity ratio is 0.71:1.
Solution
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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Simplify this solution 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
c.
