Ask Question
15 August, 19:44

the total debt to assets of logan company was 0.71. the total of logans assets was 270,000. the amount of total debt is.

+5
Answers (1)
  1. 15 August, 19:51
    0
    The total debts amounts to $191,700

    Explanation:

    The formula of total debt to total assets ratio is follows:

    Total debt to total assets ratio = Total debts / Total assets

    where

    Ratio is 0.71

    Total assets amounts to $270,000

    Putting the values into the formula above:

    0.71 = Total debts / $270,000

    0.71 * $270,000 = Total debts

    Total debts = $191,700
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “the total debt to assets of logan company was 0.71. the total of logans assets was 270,000. the amount of total debt is. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers