A company reports total assets of $920,000 and stockholders' equity of $540,000. Calculate the debt ratio. (Round your answer to two decimal places.)

41.3%

Explanation:

From the question,

Total assets = $920,000

Stockholders' equity = $540,000

Debt will be the difference between the assets and the equity. This will be:

= $920,000 - $540,000

= $380,000

Debt ratio = Debt / Total assets

= $380,000 / $920,000

= 0.413

= 41.3%

answer; i believe the correct answer is (75 years);

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"