Brian Porter's net worth is $110,000,excluding his home.His liabilities of $50,000 include all of his credit card balances and the balance due on his auto loan and home improvement loan.His townhouse has a market value of $220,000 and he owes $190,000 to his mortgage company.What is Brian's debt-to-equity ratio?
A)0.65
B)0.74
C)0.45
D)0.35
E)0.28

Question

Quizplus · Accepted Answer

$50,000 / $110,000 = 0.45

Brian Porter's Net Worth Is $110,000,excluding His Home