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    luvlearning's Avatar
    luvlearning Posts: 6, Reputation: 1
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    #1

    Sep 4, 2011, 12:59 PM
    SRC has a debt ratio of .4, current liabilities of $18,000, and total assets of $100,
    SRC has a debt ratio of .4, current liabilities of $18,000, and total assets of $100,000. What is the level of SRC's total liabilities?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 4, 2011, 02:24 PM
    Debt ratio is equal to Liabilities divided by Assets. In formula form:
    Debt Ratio = Liabilities/Assets

    Therefore:
    .4 = X / 100,000

    Now you just need to solve for X, where X = total Liabilities
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