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26 February, 10:29

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.

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  1. 26 February, 10:33
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    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
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