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Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 14,000 Net income $ 21,000 The

Using the following balance sheet and income statement data, what is the debt to assets ratio?

Current assets $ 14,000 Net income $ 21,000

The average common shares outstanding was 10,000.

Current liabilities 8,000 Stockholders equity 60,000

Total liabilities 40,000

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