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?

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

explanation:

a gas is not used in hydraulic machines as the fluid because gas is easily compressible and so if a gas is used, the energy would mostly go into compressing a gas. therefore a liquid is used in hydraulic machines as the fluid.