Based on the income statement and balance sheet for Bankowski Corporation, calculate the company's Debt Ratio for 2017. State your answer as a percentage (%). Round your answer to 1 decimal place. Bankowski Corporation Income Statement For Year Ended December 31, 2017 Sales $504,000 Cost of goods sold $327.600 Depreciation expense 33.000 Other operating expenses 125,500 (486,100) Other gains (losses): Gain on sale of equipment 5.2001 Income before taxes $23.100 Income tax expense (4.800) Net income $18,300 Bankowski Corporation Balance Sheets At December 31 2017 2016 Assets: Cash Accounts receivable $62,6501 21,000 SSA $55,800 29,000 52100 Tantra es MacBook . ODO no da DD MINMCoonor Balance Sheets At December 31 2017 2016 Assets: Cash Accounts receivable Inventory $62,650 $55,800 21,000 29,000 58,000 52,100 240,000 222,000 (97,000) (96,000) $284,650 $262.900 Equipment Accumulated depreciation Total assets Liabilities: Accounts payable Income taxes payable Total liabilities Equity: Common stock Paid-in Capital in excess of par value Retainedeamings Total equity Total liabilities and equity $28,4001 1,050 $29,450 $23,700 1,200 $24,900 $106,000 $106,000 18,000 18,000 131,200 114,000 $255,200 $238,000) $284,650 $262,900 ookmarks Profiles Tab Window Help + es/42668/quizzes/227868/take/questions/4964302 . Common stock $106,000 $106. Paid-in Capital in excess ofpar value 18,000 18,0 Retainedeamings 131,200 114,0 Total equity $255,200 $238, Total liabilities and equity $284,650 $262,9 O 89.7 10.3 O 100 O 11.5 Previous