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Hi. Looking for help with the debt to asset ratio. the answer of 68% is incorrect. I also tried 69%. Thank you Do It! Review

Hi. Looking for help with the debt to asset ratio. the answer of 68% is incorrect. I also tried 69%. Thank you

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Do It! Review 10-04 Ivanhoe Company provides you with the following balance sheet information as of December 31, 2022. Current assets $12,420 Current liabilities $12,960 Long-term assets 28,620 Long-term liabilities 15,120 Total assets $41,040 Stockholders' equity 12,960 Total liabilities and stockholders' equity $41,040 In addition, Ivanhoe reported net income for 2022 of $17,280, income tax expense of $3,456, and interest expense of $1,404. Your answer is correct. Compute the current ratio and working capital for Ivanhoe for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio 0.95 :1 Working capital -540 LINK TO TEXT Your answer is correct. Assume that at the end of 2022, Ivanhoe used $3,240 cash to pay off $3,240 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio 0.94 :1 Working capital -540 LINK TO TEXT Your answer is partially correct. Try again. Compute the debt to assets ratio and the times interest earned for Ivanhoe for 2022. (Round answers to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to assets ratio 68 % Times interest earned ratio 15.77 times

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