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A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt to total asset ratio?

A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt to total asset ratio?
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A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt to total asset ratio?

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User Jonny Wright
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9.1k points

1 Answer

4 votes
I believe the answer is 67% hope this helps 
answered
User Billerby
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8.5k points
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