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A company reports total assets of $910,000 and stockholders' equity of $530,000. Calculate the debt ratio.
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Apr 28, 2021
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A company reports total assets of $910,000 and stockholders' equity of $530,000. Calculate the debt ratio.
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Rgwozdz
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Answer: 42%
Step-by-step 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%
Motsi
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May 4, 2021
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