Hannah has determined that her net worth is $60,000. She has also determined that the face value of her mortgage is $160,000. She has determined that the face value of the rest of her debt is $30,000. What is Hannah's debt-to- equity ratio?
Hannah has determined that her net worth is $60,000. She has also determined that the face value of her mortgage is $160,000. She has determined that the face value of the rest of her debt is $30,000. What is Hannah'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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Transcribed Image Text:Hannah has determined that her net worth is $60,000. She
has also determined that the face value of her mortgage
is $160,000. She has determined that the face value of the
rest of her debt is $30,000. What is Hannah's debt-to-
equity ratio?
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