The year end balance sheet of Ultimate Medical Center show total liabilities of $650,000, which includes a loan to expand services. Net worth at the balance sheet date was $ 300,000. Calculate the debt-to-worth ratio.
The year end balance sheet of Ultimate Medical Center show total liabilities of $650,000, which includes a loan to expand services. Net worth at the balance sheet date was $ 300,000. Calculate the debt-to-worth ratio.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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The year end balance sheet of Ultimate Medical Center show total liabilities of $650,000, which includes a loan to expand services. Net worth at the balance sheet date was $ 300,000. Calculate the debt-to-worth ratio.
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