A Firm Has Total Debt of $4,620 and a Debt-Equity

question 5

Multiple Choice

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

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Definitions:

Ascospores

Spores produced inside an ascus, which is a type of spore-bearing structure found in fungi belonging to the Ascomycota phylum.

Plasmogamy

The fusion of the cytoplasm from two distinct fungal or algal cells, typically as part of sexual reproduction, preceding the fusion of nuclei.

Karyogamy

The fusion of two haploid nuclei; follows fusion (plasmogamy) of cells from two sexually compatible mating types.

Lichens

A symbiotic association between a fungus and an algae or cyanobacteria, living together to form a single, distinct organism that often appears as leafy or crusty growths on rocks and trees.