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A balance sheet balances assets with their sources of debt and equity financing. If a corporation has assets equal to $5,200,000 and a debt ratio of 75​%, how much debt does the corporation have on its​ books?

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Respuesta :

Answer:

Total debt = $3,900,000

Explanation:

Total Assets = $5,200,000

Debt Ratio    = 75%

Debt              = 75% x $5,200,000

                     =$3,900,000

Hence, the 25% account for equity finance $1,300,000

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