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Susan's Clothing Shop, Inc. reports operating income of $346,000 and interest expense of $31,300. The average common stockholders' equity during the year was $46,000.
Susan's Clothing Shop, Inc. reports operating income of $346,000 and interest expense of $31,300. The average common stockholders' equity during the year was $46,000. Assets have a balance of $196,000, current liabilities are $41,000 and long-term liabilities are $48,000. What is the debt ratio? (Round your final answer to two decimal places.) OA 0.35 OB. 0.45 C. 0.26 OD OST
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