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Hannah has liabilities totaling $29,750 (excluding her mortgage of $99,167). Her net worth is $42,500. What is her debt-to-equity ratio? (Round your answer to 2 decimals)

Respuesta :

Answer:

Debt-to-equity ratio = 0.70

Explanation:

given data

liabilities totaling = $29,750

mortgage = $99,167

net worth = $42,500

solution

we get here debt-to-equity ratio that is express as

debt-to-equity ratio = Total Debt ÷  Total Equity    ....................1

put here value and we will get

Debt-to-equity ratio  = [tex]\frac{29750}{42500}[/tex]    

Debt-to-equity ratio = [tex]\frac{7}{10}[/tex]  

Debt-to-equity ratio = 0.70  

 

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