Hi,

I'm trying to solve a debt ratio problem. I think I have the answer but the problem checker is saying that the answer is complete but not entirely correct.

1. In a recent year's financial statements, Home Depot reported the following: Total liabilities = $30,924 million and Total assets = $40,846 million. Compute Home Depot's debt ratio (assume competitors average a 60.0% debt ratio).(Round your answer to one decimal place.)

The answer I came up with is: 0.7570876 or 0.8%.

What am I missing?