Accounts Payable $770 Accounts Receivable $770 Capital Stock $1,100 Cash $200 Cost of Goods Sold $1,400 Inventory $3,200 Long-Term Debt $4,300 Net Income $370 Property, Plant, and Equipment (Net) $1,500 Retained Earnings Sales $500 $4,300 Note: The retained earnings amount reported is as of the end of the year (after the closing entries have been made) and is a negative amount. Compute debt ratio. Note: If you need to compute the average balance for any account, assume the beginning-of-year balance is the same as the end-of- year balance reported above.