If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased on credit.
A) 55%
B) 45%
C) 50%
D) Not enough data to determine the answer

Name: If Kim's current debt ratio is 45%, this means that ________ of Kim's assets are purchased on credit. A) 55% B) 45% C) 50% D) Not enough data to determine the answer
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Question

Quizplus · Accepted Answer

A debt ratio of 45% means that 45% of Kim's assets are financed through debt, which directly implies that 45% of the assets are purchased on credit.

If Kim's Current Debt Ratio Is 45%, This Means That