A company has an assets-to-liabilities ratio of 3:2 and total assets worth $6 million. what is its owners' equity

Owner's equity signifies the owner's savings in the business minus the owner's withdrawals from the business and then add the net income (or deduct if it is the net loss) since the business started. For this problem, we will use the formula: assets / (assets - owner’s equity) So plugging in our ratio: = 6 / (6-2) - We got 2 since assets total up to 6 million. And the accounting equation is assets = liabilities + equity. So we know that our liabilities and equity would be equal to that amount. Thus, get the share of the owner’s equity which is (1/3 x 6 = 2) So the answer is 3/2 or 1.5 or when rounded up it is 2 million.