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Karen Price has determined that her net worth is $24,000, excluding her home. She owes $90,000 on her mortgage and $12,000 on a car loan. What is Karen's debt-to-equity ratio

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abiolataiwo2015

Based on the information given Karen's debt-to-equity ratio is 0.5.

Debt-to-equity ratio

Using this formula

Debt-to-equity ratio=Mortgage/Net worth

Where:

Mortgage=$12,000

Net worth=$24,000

Let plug in the formula

Debt-to-equity ratio=12000/24000

Debt-to-equity ratio=0.5

Inconclusion Karen's debt-to-equity ratio is 0.5.

Learn more about  debt-to-equity ratio here:https://brainly.com/question/26354272

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