QUESTION 7 Using the following excerpts from the financial statements of KRJ Enterprises, calculate the debt-equity ratio, using total liabilities in the numerator. Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Cash $196 Short-term investments $286 Accounts receivable $301 Inventory $451 Other current assets $199 Fixed assets (net) $1,013 Intangible assets $241 Long-term investments $347 Total assets $3,182 $143 $211 $185 $55 Short-term debt Accounts payable Accrued liabilities Other current liabilities Long-term debt Other long-term liabilities Total liabilities Stockholders' equity $604 $127 $1,758 $1,438