Debt Ratio for 2013: Total Liabilities = $50 (Accounts Payable) + $0 (Bonds Payable) = $50 Total Assets = $146 Debt Ratio = Total Liabilities / Total Assets = $50 / $146 = 0.342 or 34.2% e) Debt Ratio for 2014: Total Liabilities = $80 (Accounts Payable) + $50 (Bonds Payable) = $130 Total Assets = $230 Debt Ratio = Total Liabilities / Total Assets = $130 / $230 = 0.565 or 56.5% f) Debt Ratio for 2015: Total Liabilities = $100 (Accounts Payable) + $150 (Bonds Payable) = $250 Total Assets = $380 Debt Ratio = Total Liabilities / Total Assets = $250 / $380 = 0.658 or 65.8% Go beyond describing the numerator or denominator. Provide a little analysis and interpretation. 

Tell the reader what the year-over-year changes in the debt ratio says about the financial performance of Stockwell, Inc.?