Ask Question
19 December, 13:23

Brian porter's net worth is $110,000, excluding his home. his liabilities of $50,000 include all of his credit card balances and the balance due on his auto loan and home improvement loan. his townhouse has a market value of $220,000 and he owes $190,000 to his mortgage company. what is brian's debt-to-equity ratio?

+2
Answers (1)
  1. 19 December, 13:47
    0
    Debt/Equity ratio is defined as the value calculated by dividing total liabilities by the total net worth. With this definition we can identify that Brian Porter’s total liability is $50,000 and the net worth is $110,000.

    Therefore Brian's debt-to-equity ratio is:

    D/E ratio = $50,000 / $110,000

    D/E ratio = 0.45
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brian porter's net worth is $110,000, excluding his home. his liabilities of $50,000 include all of his credit card balances and the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers