Debt Ratio Using the following data, compute the debt ratio. Accounts Payable Accounts Receivable Building Cash Capital

Debt Ratio Using the following data, compute the debt ratio.

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Accounts Payable Accounts Receivable Building Cash Capital Stock Inventory Land. Long-Term Notes Payable Market Value of Equity $ 2,400 6,750 65,000 2,100 26,150 4,100 14,000 32,000 103,000 Net Income 9,000 Retained Earnings (ending) 24,000 Sales 86,000 Short-Term Notes Payable 5,700 Stockholders' Equity 50,150 Unearned Revenue 1,700