Equity Multiplier = 2.4

Therefore Equity Ratio = 1/EM

Equity Ratio = 1/2.4 = 0.42

MEMORIZE this formula:

Debt Ratio + Equity Ratio = 1

Therefor Debt Ratio = 1 - Equity Ratio = 1 - 0.42 = 0.58 or 58%

The total debt ratio is .5; total debt would be .5 as well as total equity (both added together equal 1). Total debt ratio = .5 (total debt)/.5 (total equity)= 1.

Equity multiplier = 24

Equity ratio = 1/3.0 = 0.33

Debt ratio + Equity ratio = 1

***THIS EQUATION IS THE KEY TO THE ANSWER***

By manipulating this formula you can find

Debt ratio = 1 - Equity ration

1 - 0.33 = 0.67 or 67%

Debt ratio = 67%

how to control debt equity ratio

not provided, as the information given does not include the total debt amount.