Calculating Debt Ratio
A company reports total liabilities of $125,000 and total assets of $160,000. What is the company's debt ratio?
A
0.85
B
0.48
C
0.78
D
0.22
E
0.63
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810A company reports total liabilities of $125,000 and total assets of $160,000. What is the company's debt ratio?
0.85
0.48
0.78
0.22
0.63