Answer:
Debt-to-equity ratio = 0.70
Explanation:
given data
liabilities totaling = $29,750
mortgage = $99,167
net worth = $42,500
solution
we get here debt-to-equity ratio that is express as
debt-to-equity ratio = Total Debt ÷ Total Equity ....................1
put here value and we will get
Debt-to-equity ratio = [tex]\frac{29750}{42500}[/tex]
Debt-to-equity ratio = [tex]\frac{7}{10}[/tex]
Debt-to-equity ratio = 0.70
