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T12-5 (similar to) 23. Using the following accounts and their balances, calculate the debt ratio for Craven Furniture Repair as of December 31. (Click the

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T12-5 (similar to) 23. Using the following accounts and their balances, calculate the debt ratio for Craven Furniture Repair as of December 31. (Click the icon to view Craven Furniture Repair's accounts.) Debt Ratio st % 11 O Data Table Cash $ 4,000 $ $ 1,300 9,740 100 Advertising Expense Utilities Expense Rent Expense Accounts Payable Unearned Revenue Equipment Service Revenue Common Stock 4,800 23,000 9,200 1,600 17,000 Dividends 4,340 Print Done

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