afari Fle Edit ew History Bookmarks Wiedow Help ACC211 Summer 2 2018, R Shaffer

Question

afari Fle Edit ew History Bookmarks Wiedow Help ACC211 Summer 2 2018, R Shaffer 30056048 Test: M4A1: Required Midterm Exam 1O of 30-complete) ? This Question: 3 pts Extrame Kleon Carpet Care had the following total assels abilen, and equily as of October 31 EB (Cick the loon to view the data ) What is Extreme Klean Carpet Care's debt ratio as of October 31 Dete Ratio Deta Table Assets S Liablities Equity 000 110,000 10.000 Coose torn any list or entr any nitwinthe rot field, and then contrue to the next anson

Explanation / Answer

Debt ratio = Total debt / Total assets

= 110,000 / 220,000

= 0.50

Hence the debt ratio is 50%.

Please let me know if you have any doubt.

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