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10. Buick Company presented the following data at the end of 2019: Current liabilities $450,000 Long-term debt 2,280,000 Deferred income taxes 850,000 Preferred stock 420,000

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10. Buick Company presented the following data at the end of 2019: Current liabilities $450,000 Long-term debt 2,280,000 Deferred income taxes 850,000 Preferred stock 420,000 Common stock 1,450,000 Retained earnings 2,080,000 Determine the debt-to-total assets ratio for Buick Company (rounded)

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