Shown below are selected data from the balance sheet of HiTech, a small electronics store (dollar amounts

Question:

Shown below are selected data from the balance sheet of HiTech, a small electronics store (dollar amounts are in thousands):

Cash...................................$25

Accounts receivable.............45

Inventory.............................80

Total assets.........................400

Current liabilities................100

Noncurrent liabilities..........240

Refer to the above data. Hi-Tech's debt ratio is:

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...