Dram7699 Dram7699

22-01-2020
Business

contestada

A company reports total assets of $910,000 and stockholders' equity of $530,000. Calculate the debt ratio.

Respuesta :

donaldmoraga19 donaldmoraga19

22-01-2020

Answer: 42%

Explanation:

Liabilities= assets-stockholders equity, the debt ratio formula is= (liabilities/ assets)

We solve, ( $910,000-$530,000)=$380,000

$380,000/$910,000= 42%

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