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The fram family has liabilities of $173,000 and a net worth of $350,000. what is their debt ratio?

The fram family has liabilities of $173,000 and a net worth of $350,000. what is their debt ratio?
asked 196k views
4 votes
The fram family has liabilities of $173,000 and a net worth of $350,000. what is their debt ratio?

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User Slonik
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1 Answer

6 votes
Hello!

Debt ratio is liabilities/net worth. So 173/350 debt ratio or 0.494 percent debt ratio. Meaning that almost half their net worth is tied up in debt.

Hope this helps! Thank you!
answered
User Rabban
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