Calculate the amount of owner's equity and the two leverage ratios: $$\begin{array} { l l l l l l }
& \text { Total } & \text { Total } & \text { Owner's } & \text { Debt to } & \text { Debt to } \
& \text { Assets } & \text { Equity } \
\text { Company } & \text { Assets } & \text { Liabilities } & \text { Equity } & \text { Ratio } & \text { Ratio } \
\text { Philip Industries } & \$ 316,800 & \$ 110,600 & & &
\end{array}$$

Question

Calculate the amount of owner's equity and the two leverage ratios: $$\begin{array} { l l l l l l } 
& \text { Total } & \text { Total } & \text { Owner's } & \text { Debt to } & \text { Debt to } \
& \text { Assets } & \text { Equity } \
\text { Company } & \text { Assets } & \text { Liabilities } & \text { Equity } & \text { Ratio } & \text { Ratio } \
\text { Philip Industries } & \$ 316,800 & \$ 110,600 & & &
\end{array}$$

Quizplus · Accepted Answer

The Answer of Calculate the amount of owner's equity and the two leverage ratios: $$\begin{array} { l l l l l l } 
& \text { Total } & \text { Total } & \text { Owner's } & \text { Debt to } & \text { Debt to } \
& \text { Assets } & \text { Equity } \
\text { Company } & \text { Assets } & \text { Liabilities } & \text { Equity } & \text { Ratio } & \text { Ratio } \
\text { Philip Industries } & \$ 316,800 & \$ 110,600 & & &
\end{array}$$

Calculate the Amount of Owner's Equity and the Two Leverage