13. The total debt to total assets of Cypress Corporation was 0.71. The total of Cypress's assets was $270,000. What's the amount of total debt?

A. $146,700
B. $461,700
C. $119,700
D. $191,700

Respuesta :

To answer this, create equivalent rates of debt to total assets. I would write 71/100 to x/270000. To create equivalent rates, multiply both numerator and denominator by 2700. 71 x 2700 =$191700.