Emily has determined that her net worth is $75,000. She has also determined that the face value of her mortgage is $180,000. The face value of the rest of her debt is $40,000. What is Emily's debt-to-equity ratio?
Emily has determined that her net worth is $75,000. She has also determined that the face value of her mortgage is $180,000. The face value of the rest of her debt is $40,000. What is Emily's debt-to-equity ratio?
Chapter6: Building And Maintaining Good Credit
Section6.2: Three Ways To Set Your Own Debt Limit
Problem 2CC
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What is the debt to equity ratio on these financial accounting question?
Transcribed Image Text:Emily has determined that her net worth is $75,000. She has also
determined that the face value of her mortgage is $180,000. The face
value of the rest of her debt is $40,000.
What is Emily's debt-to-equity ratio?
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