Calculate the Amount of Owner's Equity and the Two Leverage

question 60

Short Answer

Calculate the amount of owner's equity and the two leverage ratios: $$\begin{array} { l l l l l l } & \text { Total } & \text { Total } & \text { Owner's } & \text { Debt to } & \text { Debt to } \\\text { Assets } & \text { Equity } \\\text { Company } & \text { Assets } & \text { Liabilities } & \text { Equity } & \text { Ratio } & \text { Ratio } \\\text { Micro, Inc. } & \$ 1,925,000 & \$ 489,500 & & &\end{array}$$

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