A company reports total assets of $870,000 and stockholders' equity of $560,000. Calculate the debt ratio. (Round your answer to two decimal places.)
A) 39.16%
B) 35.63%
C) 64.37%
D) 55.36%
B .B)
Total assets $870,000
Less: Stockholders' equity (560,000 )
Total liabilities $310,000
Debt ratio* 35.63%
Debt ratio = Total liabilities / Total assets = $310,000 / $870,000 = 35.63%
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