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20 Year 2 Year 1 Net Income $55,000 $ 45,000 Total Liabilities 128,000 124,000 Total Assets 235,000 239,000 Calculate Year 2 Debt Ratio: 0.50 0.19

20 Year 2 Year 1 Net Income $55,000 $ 45,000 Total Liabilities 128,000 124,000 Total Assets 235,000 239,000 Calculate Year 2 Debt Ratio: 0.50 0.19 1.22 0.53

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