B 211 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Mat MARNI COMPANY Balance Sheet As of December 31 Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit Interest expense Profit before taxes Taxes (40%) $ 2,000,000 1,750,000 $ 250,000 30,000 10,000 60,000 $ 150,000 25,000 $ 125,000 50,000 S 75 000 $ 50,000 100,000 200,000 650,000 $ 1,000,000 $ 100,000 90,000 250,000 100,000 50,000 410,000 $ 1,000,000

The firms debt-to-assest ration is?

Balance Shate Au of Darembex 31 ASSETS 11 Cash Accounts receivable Inventory Net plant and equipment Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenges Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholderg' equity $50,000 100,000 200,000 650,000 $1,000,000 \$ 100,000 90,000 250,000 100,000 50,000 $10,000 $1,000,000 MARNI COMPANX Income statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit $2,000,000 Sales and administrative expenses Pixed lease expenses Depreciation Operating profit Interest expense Profit before taxes 1,750,000250,000 Taxes (408) 30,00010,00060,000$150,00025,000$125,00050,0007515