Is this correct, can you please also explain?

Your boss is concerned about the current state of your company, because the company's debt ratio is 1.33. Why is your boss concerned by this number? Your company's cost of goods sold is 1.33 times higher than its revenue. Your company has 1.33 times more assets than liabilities. Your company's revenue is 1.33 times higher than its cost of goods sold. 0 Your company has 1.33 times more liabilities than assets