Which of These Best Describes Equity

Equity ratio Total equity Total assets. Elements of the Equity Ratio.

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It is used for standard loans credit cards and line-of-credit accounts.

. A maximum loan amount describes the total that one is authorized to borrow. There are two main elements of the equity ratio. This is an easy number to calculate as long as you have your numbers handy from your balance sheet.

Lets go over what both mean. If youre surprised that the formula is that simple hopefully thats a good surprise.

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Solved Question 5 4 Pts Which Of The Following Best Chegg Com