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.

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donaldmoraga19
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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