The percentage of assets that are financed with liabilities can be calculated using the ________.
A)accounting equation
B)debt ratio
C)journal
D)ledger

Question

Quizplus · Accepted Answer

The debt ratio calculates the percentage of assets that are financed with liabilities. It is calculated by dividing total liabilities by total assets. The other options, accounting equation, journal, and ledger, are not directly used to calculate this ratio.

The Percentage of Assets That Are Financed with Liabilities Can