What does a leverage of 1.81 say:

a- $1.81 of assets is funded with $1.00 of debt and $0.81 of equity
b- Assets are funded with 81% equity.
c- $1.81 of assets is funded with $1.00 of equity and $0.81 of debt
d- Assets are funded with 81% debt

A)

BOTH of you need to read the guidelines about posting homework problems:
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