A corporation reports the following year-end trial balance data Beginning of the year Total Assets were $280,000. Beginning of the year Inventory was $80,000. Use this information to answer questions 12 through 20 Account DR CR 40,000 55.000 60.000 145,000 15 75,000 5.000 30,000 100,000 70,000 Cash Accounts Receivable Inventory Equipment Accounts Payable Short-term portion of Notes Payable Long-term portion of Notes Payable Common Stock Beginning of Year Retained Earnings Dividends Sales Cost of Goods Sold Advertising Expense Depreciation Expense Interest Expense Payroll Expense Rent Expense Utilities Expense 6,000 247000 77.000 15,000 8.000 27000 69,000 18,000 7.000 15) The coporation's debt ratio (Total Liabilities divided by Total Assets) is