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Calculate the Debt Ratio based on the information below show all work for credit) $ 500 $ 1.200 $ 350 $ 8,000 $ 500 $ 90 $ 2.$ 8,000 Automobiles Collectibles Boats Furniture Other Personal Property Personal Property Money Owed You Market Value of YouE. Total Food Expenditures $ 7,200 Clothing and Personal Care F. Total Clothing and Personal Care Expenditures $ 2,590 Transp

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Answer #1

Debt Ratio:

Debt Ratio compares the total debt of the company against the total assets.

Debt Ratio = Total Debt

Total Assets

= $230,350

$207,390

= 1.11

Debt Ratio = 1.11

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