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Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $300,000 Accounts Payable $120,000 Accounts Receivable $220,000 Notes Payable $130,000 Inventory $240,000 Long-term Debt $350,000 Property

Assets

Amount (USD)

Liabilities and Equity

Amount (USD)

Cash

$300,000

Accounts Payable

$120,000

Accounts Receivable

$220,000

Notes Payable

$130,000

Inventory

$240,000

Long-term Debt

$350,000

Property

$600,000

Shareholders' Equity

$850,000

Calculate the debt-to-assets ratio for the company based on the provided balance sheet.

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