Solve it soon pls i will give u thumsup Robert Sampson owns a townhousevalued at $186,000 and still has anunpaid mortgage of $151,000. Inaddition to his mortgage, he has thefollowing liabilities:VisaMasterCardDiscover cardEducation loanPersonal bank loanAuto loan$7603905602,3007505,000$ 9,760Robert's net worth (not including hishome) is about $40,000. This equity isin mutual funds, an automobile, a coincollection, furniture, and otherpersonal property.Totala. What is Robert's debt-to-equityratio? (Round your answer to 2decimal places.)

Name: Solve it soon pls i will give u thumsup Robert Sampson owns a townhous
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Description: Solve it soon pls i will give u thumsup Robert Sampson owns a townhousevalued at $186,000 and still has anunpaid mortgage of $151,000. Inaddition to his mortgage, he has thefollowing liabilities:VisaMasterCardDiscover cardEducation loanPersonal bank

Debt-To-Equity Ratio: The ratio indicates the extent to which the firm relies on its debt. This…

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MasterCard 390 560 2,300 750 5,000 $ 9,760 Robert's net worth (not including his home) is about $40,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other Discover card Education loan Personal bank loan Auto loan Total

MasterCard 390 560 2,300 750 5,000 $ 9,760 Robert's net worth (not including his home) is about $40,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other Discover card Education loan Personal bank loan Auto loan Total

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 57P

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Concept explainers

Financial Ratios

A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.

Return on Equity

The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.

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Question

Solve it soon pls i will give u thumsup

Robert Sampson owns a townhouse
valued at $186,000 and still has an
unpaid mortgage of $151,000. In
addition to his mortgage, he has the
following liabilities:
Visa
MasterCard
Discover card
Education loan
Personal bank loan
Auto loan
$760
390
560
2,300
750
5,000
$ 9,760
Robert's net worth (not including his
home) is about $40,000. This equity is
in mutual funds, an automobile, a coin
collection, furniture, and other
personal property.
Total
a. What is Robert's debt-to-equity
ratio? (Round your answer to 2
decimal places.)

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