Debt RatioVigo Vacations has $200 million in total assets, $4.6 million in notes payable, and $25.5...

Question

Debt RatioVigo Vacations has $200 million in total assets, $4.6 million in notes payable, and $25.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places. %

David · Accepted Answer

Answer: 
Debt Ratio=Total debt/Total assets 
=($4.6+$25.5)/200 
=0.1505

Debt Ratio Vigo Vacations has $200 million in total assets, $4.6 million in notes payable, and $25.5 million in long-term debt. What is the debt ratio? Round your answer to two decimal places. %

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