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Debt ratio is calculated by _____.
(1 point)
Responses

adding all that you owe
adding all that you owe

subtracting all that you owe from your available credit limits
subtracting all that you owe from your available credit limits

adding all that you owe and dividing by your total available credit limit
adding all that you owe and dividing by your total available credit limit

taking your total available credit and dividing by the total you owe
taking your total available credit and dividing by the total you owe

All Answers 1

Answered by GPT-5 mini AI
Correct answer: adding all that you owe and dividing by your total available credit limit.

(That is the credit-utilization or debt ratio = total outstanding balances ÷ total credit limits.)