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PE 12-4 Debt Ratio Using the following data, compute the debt ratio. Accounts Payable $ 3,500 Accounts Receivable Building Cash 6,000 65,000 2,100 Capital Stock 24,300 Inventory 4,100 Land 14,000 Long-Term Notes Payable 32,000 Market Value of Equity 103,000 I Net Income 10,000 Retained Earnings (ending) 24,000 Sales 105,000 Short-Term Notes Payable 5,700 Stockholders' Equity 48,300 Unearned Revenue 1,700