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%

how to control debt equity ratio

Debt equity ratio = total debt / total equity

debt equity ratio = 1233837 / 2178990 * 100

Debt equity ratio = 56.64%

142.5

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%