Your health care corporation has $1,000,000,000 in total assets and $654,639,098 in total liabilities. What is the Asset/Liability Ratio for your health care corporation based on this data?

Question

Quizplus · Accepted Answer

The Asset/Liability Ratio for your health care corporation is 1.53. The Asset/Liability Ratio is calculated by dividing the total assets by the total liabilities. In this example, $1,000,000,000 divided by $654,639,098 is 1.527 which is then rounded off to 1.53.

Your Health Care Corporation Has $1,000,000,000 in Total Assets and $654,639,098