Equity multiplier = Total assets/Total equity
Total assets =487,920
Equity multiplier = 1.47
1.47 = 487,920/Total equity
Total equity = 487,920/1.47 = 331,918.37
Total debt = Total assets - Total equity = 487,920 -331,918.37 = 156,001.63
Debt-equity ratio = total debt/total equity
Debt-equity ratio = 156001.63/331918.37 = 0.47
Alternatively,
Equity multiplier = 1+ Debt-equity
1.47 = 1+debt-equity
Debt-equity = 1.47-1 = 0.47
