Answer:
60
Step-by-step explanation:
50% is like saying half, and 30 is half of 60
The formula is given as: Debt Ratio = Total Liabilities / Total Assets.
You are told the assets are 465 million and liabilities is 130 million.
Putting the given numbers in the formula you have:
Debt Ratio = 130/465
Simplify by dividing both numbers by 5:
130/465 = 26/93
