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o-na [289]
3 years ago
10

Laundry reported assets of $ 1 comma 100 and equity of $ 630. What is Stub's debt​ ratio? ​(Round your answer to the nearest who

le​ number.) A. 43​% B. 57​% C. 75​% D. Not enough information is provided
Business
1 answer:
lukranit [14]3 years ago
3 0

Answer:

37% (not given in the option

Explanation:

The debt ratio is a financial measures that shows the leverage of the organization. It is a ratio of total debt to total assets, expressed as a percentage. This measures makes known how much of the company's assets is owned in debt.

From the accounting equation

Assets = debts + equity

$1,000 = debts + $630

Debt = $1,000 - $630

= $370

Stub's debt​ ratio

= $370/$1000

= 0.37

= 37%

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