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Deadbeat Drums recently posted the following balance sheet information: Cash $5,000 Accounts Receivable $25,000 Inventory $42,000 Property, Plant and Equipment $75,000 Natural Resources $10,000 Intangible
Deadbeat Drums recently posted the following balance sheet information:
Cash | $5,000 |
Accounts Receivable | $25,000 |
Inventory | $42,000 |
Property, Plant and Equipment | $75,000 |
Natural Resources | $10,000 |
Intangible Assets | $25,000 |
Accounts Payable | $35,000 |
Long Term Debt | $62,000 |
Stockholder's Equity | $85,000 |
What is the companys debt ratio?
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