None Gabriel Richards' net worth is $120,000, excluding his home. His liabilities of $54,000 includeall of his credit card balances and the balance due on his auto loan and home improvementloan. His townhouse has a market value of $220,000 and he owes $190,000 to his mortgagecompany. What is Gabriel's debt-to-equity ratio?0.650.740.450.350.28

A debt-to-equity ratio is the ratio of debt divided by equity. It is the level of debt relative to…

Answered: Gabriel Richards' net worth is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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