Ridgeview Technologies has total assets valued at $850,000 and total liabilities amounting to $510,000. Using this information, calculate the Equity Ratio for Ridgeview Technologies. Express your answer as a percentage rounded to two decimal places.

Ridgeview Technologies has total assets valued at $850,000 and total liabilities amounting to $510,000. Using this information, calculate the Equity Ratio for Ridgeview Technologies. Express your answer as a percentage rounded to two decimal places.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 6CP: The average liabilities, average stockholders' equity, and average total assets are as follows: 1....

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Question

I need guidance with this general accounting problem using the right accounting principles.

Ridgeview Technologies has total assets valued at $850,000 and
total liabilities amounting to $510,000. Using this information,
calculate the Equity Ratio for Ridgeview Technologies. Express
your answer as a percentage rounded to two decimal places.

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