Livingston Organization had total assets of $635,000; total liabilities of $185,000; and total Stockholders' Equity of $450,000. Livingston'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 Livingston Organization, the debt ratio is $185,000 / $635,000 = 0.2913, which rounds to 29%.

Livingston Organization Had Total Assets of $635,000; Total Liabilities of $185,000;