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The Nicholas Gray Corporation reported the following balance sheet amounts: Comparative Balance Sheet Current Assets Long-term Assets Total Assets 12/31/2020 $82,650 542,350 $625,000 12/31/2019 $80,000

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The Nicholas Gray Corporation reported the following balance sheet amounts: Comparative Balance Sheet Current Assets Long-term Assets Total Assets 12/31/2020 $82,650 542,350 $625,000 12/31/2019 $80,000 497,000 $577,000 Current Liabilities Long-term Liabilities Common Stockholders' Equity Total Liabilities & Stockholers' Equity $57,000 293,000 275,000 $625,000 $42,000 275,000 260,000 $577,000 What is the Debt Ratio for the current year? 46.86 127.27 106.554 56.004 29.175

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