Rubxx4240 Rubxx4240

18-01-2022
Business

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Assets are financed by creditors and owners. At 1/29/2021, approximately what percentage of Dollar General’s assets are financed by owners? Round to the nearest hundredth.

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Parrain Parrain

24-01-2022

Based on the amount of equity and that of assets, the percentage funded by owners is 29.4%.

What is the Percentage financed by owners?

This can be found by the formula:

= Equity / Assets x 100%

Solving gives:

= 6,702,500 / 22,825,084 x 100%

= 29.4%

In conclusion, 29.4% is financed by the owners.

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