Calculate the amount of owner's equity and the two leverage ratios for the following companies.
Company  TotalAssets  TotalLiabilities  Ownor’s Equity  Debtto Assets Ratio  Debtto Equity Ratio  
22. Gateway Imports 


To calculate: The amount of owner’s equity, debt to assets ratio and debt to equity ratio of the company Gateway imports which has total assets of
Given Information:
The company Gateway imports has total assets of
Formula used:
The formula to compute the working capital is,
The formula to compute debt to assets ratio is:
The formula to compute debt to equity ratio is:
Calculation:
Consider total assets of
Compute the ownerâ€™s equity:
Substitute
Hence, ownerâ€™s equity is
Multivariable Calculus
Intermediate Algebra
Applied Calculus
Probability and Statistics for Engineering and the Sciences
Precalculus: Mathematics for Calculus (Standalone Book)
Understanding Basic Statistics
Mathematical Excursions (MindTap Course List)
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
Calculus: Early Transcendentals
Statistics for The Behavioral Sciences (MindTap Course List)
Calculus (MindTap Course List)
Elementary Geometry For College Students, 7e
Essentials of Statistics for The Behavioral Sciences (MindTap Course List)
Calculus: An Applied Approach (MindTap Course List)
Single Variable Calculus
Finite Mathematics
Essentials Of Statistics
Mathematical Applications for the Management, Life, and Social Sciences
Elementary Technical Mathematics
Calculus: Early Transcendental Functions
Finite Mathematics and Applied Calculus (MindTap Course List)
Single Variable Calculus: Early Transcendentals, Volume I
Calculus of a Single Variable
Trigonometry (MindTap Course List)
Calculus: Early Transcendental Functions (MindTap Course List)
Elements Of Modern Algebra
Single Variable Calculus: Early Transcendentals
Finite Mathematics for the Managerial, Life, and Social Sciences
Elementary Geometry for College Students
Study Guide for Stewart's Multivariable Calculus, 8th
Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th
STATISTICS F/BUSINESS+ECONOMICSTEXT
Introduction To Statistics And Data Analysis
Statistics for Business & Economics, Revised (MindTap Course List)
College Algebra (MindTap Course List)
Mathematics For Machine Technology
Calculus (MindTap Course List)
Research Methods for the Behavioral Sciences (MindTap Course List)
Multivariable Calculus
Research Methods for the Behavioral Sciences (MindTap Course List)