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Calculate the debt to total assets ratio? For the year 2020 and 2019 Explain the results? 2020 2019 Total assets $ 301,311 $ 286,55 6

Calculate the debt to total assets ratio? For the year 2020 and 2019

Explain the results?

2020

2019

Total assets

$

301,311

$

286,55 6

Liabilities and stockholders equity

Current liabilities:

Accounts payable

$

12,530

$

9,382

Current portion of long-term debt

3,749

5,516

Accrued compensation

7,874

6,830

Short-term income taxes

2,130

5,665

Short-term unearned revenue

36,000

32,676

Other current liabilities

10,027

9,351

Total current liabilities

72,310

69,420

Long-term debt

59,578

66,662

Long-term income taxes

29,432

29,612

Long-term unearned revenue

3,180

4,530

Deferred income taxes

204

233

Operating lease liabilities

7,671

6,188

Other long-term liabilities

10,632

7,581

Total liabilities

183,007

184,226

Commitments and contingencies

Stockholders equity:

Common stock and paid-in capital shares authorized 24,000; outstanding 7,571 and 7,643

80,552

78,520

Retained earnings

34,566

24,150

Accumulated other comprehensive income (loss)

3,186

(340

)

Total stockholders equity

118,304

102,330

Total liabilities and stockholders equity

$

301,311

$

286,556

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