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Brian Porter's Net Worth Is $120,000,excluding His Home

Question 91

Multiple Choice

Brian Porter's net worth is $120,000,excluding his home.His liabilities of $54,000 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) 0.65
B) 0.74
C) 0.45
D) 0.35
E) 0.28

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