Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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