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Calculate the debt-to-asset ratio

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Samantha Knight is applying for a small-business loan. She provides the bank with the following information:

cash in checking accounts

$5,000

cash in savings

$10,350

home market value

$145,500

first mortgage on house

$25,000

home equity loan limit

$70,000

home equity loan

$10,000

automobile market value

$19,000

automobile loan outstanding

$15,000

credit card debt

$1,500
  1. Calculate the debt-to-asset ratio.
  2. Calculate the debt-to-equity ratio.
  3. What percentage of Samantha's assets is owned by others?

Reference no: EM133114808

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