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What is Dave debt ratio

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Reference no: EM132863029

Problem - Debt Ratio Insert formula for Debt Ratio: Dave's Guitar Shop is thinking about building an addition onto the back of its existing building for more storage. Dave consults with his banker about applying for a new loan. The bank asks for Dave's balance to examine his overall debt levels. The banker discovers that Dave has total assets of $100,000 and total liabilities of $25,000. What is Dave's debt ratio?

Reference no: EM132863029

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