The Ronselli family has total assets of $460,000 and total liabilities of $186,000.Included in their total assets are monetary assets of $47,000 and investment assets of $253,000.What is the Ronsellis' investment assets-to-total assets ratio?
A)26 percent
B)55 percent
C)65 percent
D)92 percent

Question

Quizplus · Accepted Answer

Investment assets-to-total assets ratio is calculated as investment assets divided by total assets multiplied by 100. Plugging the numbers into the formula, we get:

Investment assets / Total assets * 100
= 253,000 / 460,000 * 100
= 55 percent

Therefore, the answer is B, 55 percent.

The Ronselli Family Has Total Assets of $460,000 and Total