Brian Porter's net worth is $110,000,excluding his home.His liabilities of $50,000 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 Brian's debt-to-equity ratio?
A).65
B).74
C).45
D).35
E).28

Question

Quizplus · Accepted Answer

The Answer of Brian Porter's net worth is $110,000,excluding his home.His liabilities of $50,000 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 Brian's debt-to-equity ratio?
A).65
B).74
C).45
D).35
E).28

Brian Porter's Net Worth Is $110,000,excluding His Home