Total assets of an entity are $4,500,000, and total equity is $1,800,000. Based on this data, what is the debt ratio? A. 40% B. 55% C. 60% D. 75%

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Chapter1: Getting Started With Excel
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SUBJECT : GENERAL ACCOUNTING
Total assets of an entity are $4,500,000, and
total equity is $1,800,000. Based on this data,
what is the debt ratio?
A. 40%
B. 55%
C. 60%
D. 75%
Transcribed Image Text:Total assets of an entity are $4,500,000, and total equity is $1,800,000. Based on this data, what is the debt ratio? A. 40% B. 55% C. 60% D. 75%
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