Calculate the debt to asset ratio for year 2019 Answer: on 12 out of Calculate the current ratio for year 2019 Answer on 18 Calculate the gross margin ratio for year 2019 Answer vious page Online class on 30 june Sam Jump to I ))) Jestion FOURA Enterprise Income statement for the financial year ended 31 December 2019 2018 Sales 70,000 (28,000) 42,000 Cost of goods sold Gross profit Expenses Net profit 100,000 (40,000) 60,000 (20,000) 40,000 (14,000) 28,000 FOURA Enterprise Balance sheet as at 31 December 2019 Land 60,000 Property Equipment Kash 50,000 30,000 18,000 40,000 24,000 6,000 Inventory Receivables Prepaid rental Total assets 2018 60,000 55,000 40,000 15,000 10,000 14,000 6,000 200,000 62,000 6,000 4,000 72,000 Bank loan 228,000 50,000 4,000 6,000 Unearned income Payables Total liabilities 60,000 Capital Retained profit Total equities 100,000 68,000 100,000 28,000 128.000 168,000 Calculate the debt to equity ratio for year 2019 Answer debt to equity ratio total debt total equity - 60000/168000 debt to equity -3571