Trina Corp has total assets of \( \$ 131,000 \). If total equity are \( \$ 76,700 \), find the debt-to-equity ratio. (Round to the nearest hundredth.) Select one: a. \( .41: 1 \) b. \( 1.71: 1 \) c. \( .71: 1 \) d. \( 1.41: 1 \)

To find the debt-to-equity ratio, you first need to calculate total liabilities. Total liabilities are calculated by subtracting total equity from total assets: \[ \text{Total Liabilities} = \text{Total Assets} - \text{Total Equity} = \$ 131,000 - \$ 76,700 = \$ 54,300 \] Now, the debt-to-equity ratio is calculated by dividing total liabilities by total equity: \[ \text{Debt-to-Equity Ratio} = \frac{\text{Total Liabilities}}{\text{Total Equity}} = \frac{54,300}{76,700} \approx 0.71 \] When rounded to the nearest hundredth, the debt-to-equity ratio is \( 0.71: 1 \). Therefore, the correct answer is: c. \( .71: 1 \)