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Nina [5.8K]
2 years ago
7

Jennings company has total assets of $445 million. its total liabilities are $120.5 million. its equity is $324.5 million. calcu

late the debt ratio. (round your answer to 1 decimal place.)
Business
1 answer:
Snowcat [4.5K]2 years ago
3 0

Jennings company has total assets of $445 million and its liabilities are $120.5 million. The debt ratio is 2.71%.

<h3>What is the debt ratio?</h3>

The debt ratio refers to the financial ratio indicating the percentage of a company's assets that are provided via debt.

Jennings company has total assets of $445 million and total liabilities of $120.5. The debt ratio that is calculated by dividing total liabilities and assets is 2.70%.

Therefore, the debt ratio is 2.70%.

Learn more about debt ratio here:
brainly.com/question/14553933

#SPJ1

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A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.

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