Calculate the Value of Total Assets Given the Following Information

question 66

Multiple Choice

Calculate the value of total assets given the following information: total debt ratio = 0.26; total equity = $32,560.

• A) $11,000
• B) $22,000
• C) $33,000
• D) $44,000
• E) $55,000

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Definitions:

Jean, Duke of Berry

A French nobleman known for his patronage of the arts and commission of the richly illuminated manuscript "Les Très Riches Heures du Duc de Berry."

Noble Patron

A member of nobility who supports, sponsors, or endorses artists and their work.

Relief Method

A method in sculpture where the carved features are left connected to a solid base made of the same substance, resulting in a prominent relief.

Woodcut

A wood block on the surface of which those parts not intended to print are cut away to a slight depth, leaving the design raised; also, the printed impression made with such a block.