Laundry reported assets of $ 1 comma 100 and equity of $ 630. What is Stub's debt ratio? (Round your answer to the nearest whole number.) A. 43 % B. 57 % C. 75 % D. Not enough information is provided

37% (not given in the option

Explanation:

The debt ratio is a financial measures that shows the leverage of the organization. It is a ratio of total debt to total assets, expressed as a percentage. This measures makes known how much of the company's assets is owned in debt.

From the accounting equation

Assets = debts + equity

$1,000 = debts + $630

Debt = $1,000 - $630

= $370

Stub's debt ratio

= $370/$1000

= 0.37

= 37%