Required information [The following information applies to the questions displayed below.) Wichita, Inc reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues Expenses Net Income $ 240,000 189,600 $ 50,400 Current Assets Long-term Assets Total Assets $ 70,000 210,000 $ 280,000 Current Liabilities Long-term Liabilities Total Liabilities $ 60,000 100,000 160,000 Common Stock Retained Earnings Total Equity $ 60,000 60,000 120,000 Total Liabilities and Equity $280,000 What is the company's debt-to-assets ratio? Multiple Choice 9% 18% What is the company's debt-to-assets ratio? Multiple Choice O 9% 18% 34% 5796 M Saw Prey Type here to search o RI 6