Given the solution and accounting question Marcus has determined that his net worth is $85,000. He hasalso determined that the face value of his mortgage is$225,000. He has determined that the face value of the rest ofhis debt is $45,000. What is Marcus's debt-to-equity ratio?

Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity (D/E) ratio is a financial metric that…

Answered: Marcus has determined that his net…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter6: Building And Maintaining Good Credit

Section6.2: Three Ways To Set Your Own Debt Limit

Problem 2CC

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Marcus has determined that his net worth is $85,000. He has also determined that the face value of his mortgage is $225,000. He has determined that the face value of the rest of his debt is $45,000. What is Marcus's debt-to-equity ratio?