ogic Application Exercise r's balance sheet (in o. as of December 31, 2014. All the businesses in her real esthlions empire were separately incorporated for liability reasons, and of them were heavily leveraged, or debt-financed. Calculate the debt ratios for each Estimated Worth Debt Net Worth Debt Ratio Asset $820 450 640 600 400 200 130 115 90 80 70 $820 175 275 415 400 100 160 The Pyramids of Gaza East Side Yards Phoenix Casino 345 Mogul's Lair Casino Serena's Shuttle Stefania's Tower Cash gor's Condos Marketable Securities 45 75 Serena's Palace Stefania's Plaza Grand Brand Hotel (50%) gor Regency 50 30 85 40 65 Igor Plaza Coops 45 Mogul Air Personal Transportation 25 30 30 Personal Housing Total (in millions) 40 a. What was the mogul's highest-priced asset? b. What was mogul's net worth for the Serena's Shuttle? Why