Fin 370

mablemartin

New member
Joined
Oct 24, 2012
Messages
1
Hello Team


I am taking fin 370 and i need some help sovleing the problem's.
here's an example, i need to know how they came up with this %

Debt Ratio=761,000+1,237,000/7,158,000=0.279=27.9%
 
Hello Team


I am taking fin 370 and i need some help sovleing the problem's.
here's an example, i need to know how they came up with this %

Debt Ratio=761,000+1,237,000/7,158,000=0.279=27.9%
Use proper grouping symbols and it will not be so mysterious:

\(\displaystyle (761,000 + 1,237,000)/7,158,000 = \dfrac{761,000 + 1,237,000}{7,158,000} = \dfrac{1000(761 + 1237)}{1000 * 7158} = \dfrac{1998}{7158} \approx 0.279 = 27.9\%\)
 
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