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Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end...

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Accounting

Wichita, Incorporated reported the
following amounts on its financial
statements prepared as of the end of the
current accounting period:
Revenues$226,000 Expenses160,480 Net
Income $ 65,520Current Assets$ 63,000
Long-term Assets 189,000 Total Assets
$252,000Current Liabilities$ 40,000 Long-
term Liabilities93,000 Total Liabilities
133,000Common Stock$ 53,000 Retained
Earnings66,000 Total Equity 119,000Total
Liabilities and Equity $252,000
What is the company's debt-to-assets
ratio?
image

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