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Picture Perfect Physicians has total assets of $385,000. It's total liabilities are $100,000 and it's equity is $285,000. Calculate the debt ratio.

Respuesta :

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Debt ratio = Total liabilities / Total assets

Total liabilities = $100,000
Total assets = $385,000

Therefore,
Debt ratio = 100,000/385,000 = 0.2597

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