Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term
1 answer:
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 =
total debt ratio = 0.3532
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