Bach Instruments had total assets of $600,000; total liabilities of $270,000; and total Stockholders' Equity of $330,000. Bach's debt ratio is: (Round your final answer to the nearest whole number.)

Question

Quizplus · Accepted Answer

The debt ratio is calculated as total liabilities divided by total assets. For Bach Instruments, the debt ratio is $270,000 / $600,000 = 0.45, or 45%.

Bach Instruments Had Total Assets of $600,000; Total Liabilities of $270,000;