The balance sheet for Mikes Motors shows a total debt of $54,000, equity of $65,000, and total assets of $119,000. Debt-to-equity ratio (%): = ($54,000 $65,000) 100% = 83.1% Debt-to-assets ratio (%): = ($54,000 $119,000) 100% = 45.4% Both of these ratios are within the usual range for acceptable levels of risk (100% and 50%, respectively)