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Given the following information; Cash $29,000, Accounts Receivable $114,000, Inventory 113,000, Prepaid Expenses...

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Accounting

Given the following information; Cash $29,000, Accounts Receivable $114,000, Inventory
113,000, Prepaid Expenses 6,000, Total Capital Assets $525,000, Total Current Liabilities
142,000, Long-term debt $289,000, Total Shareholders' Equity $356,000, Net Sales $858,000,
Cost of Goods Sold $513,000, Gross Margin $345,000, Net Income $48,000. The debt ratio
is
A
185 per cent
B
75 per cent
C
55 per cent
D
101 per cent
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