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  3. 13. the following account balance information is a

13. The following account balance information is available as of December 31, 20X4 for XYZ...

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Accounting

13. The following account balance information is available as of December 31, 20X4 for XYZ Co.:

Cash$240,000

Accounts receivable....$560,000

Marketable securities..$400,000

Prepaid insurance....$300,000

Equipment (net)...$3,300,000

Current liabilities (total).....$300,000

Long-term liabilities (total).$1,600,000

Common stock.....$2,000,000

Retained earnings...$900,000

What is XYZ Co.s debt ratio?

a. 39.6%

b. 65.5%

33.3%

42.2%

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