Part II: Financial Ratios (25 points) 5. The Company has $160 million in total assets, $20 million in notes payable, and $30 million in long term debt. Calculate debt ratio? (15 points) 6. What does the Debt Ratio measures? (10 points) Question Two: Short Answer Questions: (25 points) 1. List the three main categories of the Statement of financial position ( 6 points) 2. Define and explain the statement of cash flow (14 points) COM Red East, 2020 3. How do we calculate net income as per the income statement (5 points)