What is the debt ratio if the amount of total assets financed with debt is $1,900,000 and assets total $2,700,000?
A)0.704
B)1.9
C)2.7
D)1.42

Name: What is the debt ratio if the amount of total assets financed with debt is $1,900,000 and assets total $2,700,000? A)0.704 B)1.9 C)2.7 D)1.42
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

The debt ratio is calculated by dividing the total debt by the total assets. In this case, it's $1,900,000 / $2,700,000 = 0.704.

What Is the Debt Ratio If the Amount of Total