einford Group has total assets of $5161127, short-term debt of $681174, long-term debt of $964979, and equity of $2832630. Based on this information, the debt ratio is _____.
einford Group has total assets of $5161127, short-term debt of $681174, long-term debt of $964979, and equity of $2832630. Based on this information, the debt ratio is _____.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Reinford Group has total assets of $5161127, short-term debt of $681174, long-term debt of $964979, and equity of $2832630. Based on this information, the debt ratio is _____.
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The debt ratio is a financial ratio used to determine a company's leverage. A high debt ratio indicates that a company is highly leveraged. Investors can use this ratio to assess the risk of an investment.
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