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The Sternin Company reported the following: Accounts payable Inventory Cash Long-term debt Equipment $4,800 1,200 4,100 18,500 21,400 If the company purchased $1,300 of equipment
The Sternin Company reported the following: Accounts payable Inventory Cash Long-term debt Equipment $4,800 1,200 4,100 18,500 21,400 If the company purchased $1,300 of equipment on account, what is its debt to assets ratio after the transaction is recorded? Convert your final answer to a percentage, round to one decimal place and enter without the "%" sign (e.g. a final answer of 0.105678 would be entered as 10.6)
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