Brian Porter's Net Worth Is $110,000,excluding His Home

question 128

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)0.65
• B)0.74
• C)0.45
• D)0.35
• E)0.28

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