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Consider the following information for James Inc. for the Year 2019: 2019 Assets Cash 24,600 Accounts Receivable 140,400 Inventory 185,400 Land 90,000 PP&E 225,000 Accumulated

Consider the following information for James Inc. for the Year 2019:

2019
Assets
Cash 24,600
Accounts Receivable 140,400
Inventory 185,400
Land 90,000
PP&E 225,000
Accumulated Depreciation (117,000)
Total Assets 548,400
Liabilities
Accounts Payable 151,200
Accrued Expenses 36,000
Notes Payable 21,000
Total Liabilities 208,200
Stockholders' Equity
Common Stock 18,000
Additional Paid-in Capital 115,200
Beginning Retained Earnings 145,800
Net Income 97,200
Dividends 36,000
Ending Retained Earnings 207,000
Total Stockholders' Equity 340,200
Total Liabilities and Equity 548,400

1. Calculate James' Debt-to-Equity Ratio

2. Calculate James' Debt Ratio

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