TB Problem Qu$.2-200($Algo$)$ Computing and using the debt ratio

A company reports the following.

Expenses

Net income

$$50,800$ Total assets

$$465,000$

$269,700$

a$.$ Compute the company's debt ratio.

b$.$ Compared to the average debt ratio of $80\%$ for competitors, does this company have a higher or lower risk from financial

leverage?

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Compute the company's debt ratio.

Debt ratio

$\%$