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Assets and liabilities

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If a company has $181K (this means $181,000) in total liabilities and $225K in total assets, what percentage of total assets is being financed with the use of others' money? Show your calculations and explain.

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The solution depicts the steps to calculate the percentage of total assets is being financed with the use of others' money.

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Asset is anything that a company owns including cash while liability is anything that a company owes to other businesses or people other ...

Solution provided by:
Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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