12/31/X212/31/X1Current assets$430,000$220,000Total assets$2,500,000$1,950,000Current liabilities$210,000$180,000Total liabilities$1,210,000$1,180,000Total stockholders' equity$1,290,000$770,000Net sales$4.800,000$3,900,000Cost of Goods Sold$3,200,000$2,690,000Wages expense$973,000$869.000Supplies expense$60,000$50,000Depreciation expense$35,000$32,000Interest expense$12.000$9,000Net income$520,000$250,000Calculate the debt ratio for 20X2. Calculate the Debt Ratio as a percentage and round to the nearest whole percent.DO NOT enter your answer as a decimal and DO NOT include the "% sign.Click Save and Submit to save and submit.lick Save All AnswersSave All A