In business, the formula for debt ratio is debt ratio = total liabilities/total assets. a bakery has total assets of $465 million. its total liabilities are $130 million. calculate the debt ratio in simplest form.

We will solve this problem in terms of millions.

The bakery's total assets is 465 million. The total liabilties are 130 million. Plug these values into the debt ratio equation:

We can simplify this fraction by dividing both the numerator and denominator by 5:

We cannot simplify this fraction any further, as the only common factor between 26 and 93 is 1.

If you want the debt ratio as a percentage, then divide the numerator by the denominator:

Multiply the decimal by 100 to convert into a percentage:

The debt ratio is 26/93, or 27.96%.

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