You own a business that has total assets of $143,400. If your total liabilities are $94,100, find your debt-to-assets ratio. Round to the nearest hundredth and enter the complete ratio. Do not enter spaces. Example: enter '0.93:1')

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.4: Cicumference And Area Of A Cicle
Problem 46E: A tabletop is semicircular when its three congruent drop-leaves are used. By how much has the tables...
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This is business algebra please show your work so I can understand the question.  Thank you

You own a business that has total assets of $143,400. If your total liabilities are $94,100, find your debt-to-assets ratio.
(Round to the nearest hundredth and enter the complete ratio. Do not enter spaces. Example: enter '0.93:1')
Transcribed Image Text:You own a business that has total assets of $143,400. If your total liabilities are $94,100, find your debt-to-assets ratio. (Round to the nearest hundredth and enter the complete ratio. Do not enter spaces. Example: enter '0.93:1')
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