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Airida [17]
4 years ago
15

Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term

liabilities of $148,000. What is the total debt ratio?
Business
1 answer:
victus00 [196]4 years ago
4 0

Answer:

total debt ratio  = 0.3532

Explanation:

given data

total assets = $485,390

net fixed assets = $250,000

current liabilities = $23,456

long-term liabilities = $148,000

to find out

total debt ratio

solution

we get here total debt ratio that is express as

total debt ratio = ( current liabilities + long-term liabilities ) ÷  total assets ........1

put here value we get

total debt ratio = \frac{23456+148000}{485390}  

total debt ratio  = 0.3532

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