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Sanders Co. has total assets of $415.0 million. Its total liabilities are $115.1 million and its equity is $300 million. Calculate its debt ratio. (Round your answer to 1 decimal place.)

Respuesta :

Answer:

Debt ratio  = 27.7 %

Explanation:

given data

total assets = $415 million        

total liabilities = $115.1 million

equity = $300 million          

solution          

we get here debt ratio that is express as given formula so as

Debt ratio = Total Liabilities ÷  total assets    ........,,,,,,,,........1

put here value and we will get Debt ratio        

Debt ratio = [tex]\frac{115.1}{415}[/tex]          

Debt ratio  = 0.2773          

Debt ratio  = 27.7 %

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