(Use the balance sheet below to answer MCQ from 6 to 11) Based on the information in the below Table for UBT corporation, UBT Corporation Balance Sheet Income Statement Assets: Cash $ 150,000 Sales (50% credit) $6,000,000 Accounts receivable 350,000 Cost of goods sold (3,000,000) Inventory 600,000 Operating expenses (800,000) Depreciation expense (100,000) Net fixed assets 1,900,000 Interest expense (750,000) Total assets 3,000,000 Income taxes (500,000) Net income 850,000 Liabilities and owners' equity: Accounts payable $ 150,000 Accrued expense 250,000 Long-term debt 1,200,000 Owners' Equity Total L. + O.E. 1,400,000 3,000,000 The debt ratio is: Liabilities and owners' equity: Accounts payable $ 150,000 Accrued expense 250,000 Long-term debt 1,200,000 Owners' Equity Total L. + O.E. 1,400,000 3,000,000 The debt ratio is: A) 18% B 53% 40% D 50%