,

reported the following trial balance as of

September 30 commaSeptember 30,

20182018:

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(Click the icon to view the trial balance.)Calculate the debt ratio for

John Jones comma M.D.John Jones, M.D.

Select the debt ratio formula on the first line and then calculate the ratio. (Round the percentage to the nearest whole percent.)

Total liabilities

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Total assets

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Debt ratio

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%

John Jones, M.D.
Trial Balance
September 30, 2018
		Balance
	Account Title	Debit	Credit
	Cash	$37,000
	Accounts Receivable	7,000
	Office Supplies	3,200
	Land	28,000
	Building	70,000
	Office Equipment	23,000
	Accounts Payable		$2,100
	Utilities Payable		500
	Unearned Revenue		20,182
	Notes Payable		63,000
	Common Stock		120,000
	Dividends	55,000
	Service Revenue		42,468
	Salaries Expense	23,700
	Utilities Expense	950
	Advertising Expense	400
	Total	$248,250	$248,250