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Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period $200,000 180,000 Revenues Expenses Net
Wichita, Inc. reported the following amounts on its financial statements prepared as of the end of the current accounting period $200,000 180,000 Revenues Expenses Net income $ 20,000 $ 50,000 150,000 Current assets Long-term assets Total assets $200,000 $ 20,000 30,000 Current liabilities Long-term liabilities Total liabilities 100,000 $ 40,000 60,000 100,000 Common stock Retained earnings Total equity $200,000 Total liabilities and equity What is the company's debt-to-assets ratio
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