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Sales for the 2018 year were $35 and net income was $5/ calculate the debt ratio. -Thanks Buxtronics Balance Sheet as at December 31, 2019

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Sales for the 2018 year were $35 and net income was $5/ calculate the debt ratio. -Thanks

Buxtronics Balance Sheet as at December 31, 2019 Cash 4 A/P 30 A/R 24 Notes Payable 10 Inventory 26 Current Liabilities 40 Current Assets 54 Long Term Debt 10 Net Fixed Assets 10 Equity 14 Total assets 64 Total Liab. & Equity 64

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