Durable plastics company had the following total assets, liabilities, and equity as of december 31. total assets $420,000 total liabilities 133,000 total equity 287,000 what is the company's debt ratio as of december 31? (round your percentage answer to two decimal places.)

debt ratio = 31.67 %

Explanation:

given data

Total Assets = $420,000

Total Liabilities = 133,000

Total Equity = 287,000

to find out

debt ratio

solution

we get here debt ratio that is express as

debt ratio  = ×  100   ............................1

put here value and we will get

debt ratio = ×  100

debt ratio = 0.31666 ×  100  

debt ratio = 31.67 %

answer; ///i believe the correct   answer is (e) transformational;