Condensed financial data are presented below for the Phoenix Corporation: The long-term debt to assets for 202 is (rounded)

Condensed financial data are presented below for the Phoenix Corporation: 267,500 $230,000 312,500 257,500 670,000 565,000 825,000 695,000 252,500 200,000 75,000 982,500 127,500 (62,500) Accounts receivable Inventory Total current assets Intangible assets Total assets Current liabilities Longterm liabilities Sales Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate The long-term debt to assets for 20X2 is (rounded): 20X2 50,000 77,500 10,000 77,500 71,000 (6,000) 20X1 60,000