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Using the following balance sheet data at 12/31/21 and income statement data for the year ended 12/31/21, what is the debt to assets ratio at
Using the following balance sheet data at 12/31/21 and income statement data for the year ended 12/31/21, what is the debt to assets ratio at 12/31/21? Current assets $ 32,000 Net income $ 32,000 Current liabilities 16,000 Stockholders equity 78,000 Average assets 160,000 Total liabilities 42,000 Total assets 120,000
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