Question 20 (4 points) Balance Sheet Current assets Cash 870,000 Ace receivable not given Inventories 1, 340,000 Fixed assets 4,190,000 TOTAL ASSETS 7,900,000 Current liabilities Ace payable not given Long-term debt 4,000,000 Common stock 950,000 Retained earnings 2.390,000 TOTAL LIAB and EQUITY 7,900.000 Income Statement Sales 31,600,000 Operating expense 24.850,000 SBIT E,950,000 Interest expense $20.000 EST E 230,000 Texas 2372.000 Res no 3.39,000 What the deb What is the firm's debt ratio? 42.28% 50.63% 57.72% 92.91% 87.97%