Personal Finance
Personal Finance
13th Edition
ISBN: 9781337669214
Author: GARMAN
Publisher: Cengage
Bartleby Related Questions Icon

Related questions

Question
None
Gabriel Richards' net worth is $120,000, excluding his home. His liabilities of $54,000 include
all of his credit card balances and the balance due on his auto loan and home improvement
loan. His townhouse has a market value of $220,000 and he owes $190,000 to his mortgage
company. What is Gabriel's debt-to-equity ratio?
0.65
0.74
0.45
0.35
0.28
expand button
Transcribed Image Text:Gabriel Richards' net worth is $120,000, excluding his home. His liabilities of $54,000 include all of his credit card balances and the balance due on his auto loan and home improvement loan. His townhouse has a market value of $220,000 and he owes $190,000 to his mortgage company. What is Gabriel's debt-to-equity ratio? 0.65 0.74 0.45 0.35 0.28
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Personal Finance
Finance
ISBN:9781337669214
Author:GARMAN
Publisher:Cengage
Text book image
CONCEPTS IN FED.TAX., 2020-W/ACCESS
Accounting
ISBN:9780357110362
Author:Murphy
Publisher:CENGAGE L
Text book image
Individual Income Taxes
Accounting
ISBN:9780357109731
Author:Hoffman
Publisher:CENGAGE LEARNING - CONSIGNMENT
Text book image
SWFT Individual Income Taxes
Accounting
ISBN:9780357391365
Author:YOUNG
Publisher:Cengage
Text book image
SWFT Comprehensive Volume 2019
Accounting
ISBN:9780357233306
Author:Maloney
Publisher:Cengage
Text book image
SWFT Comprehensive Vol 2020
Accounting
ISBN:9780357391723
Author:Maloney
Publisher:Cengage