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Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues $206,000 Expenses 189,040 Net
Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues $206,000 Expenses 189,040 Net Income $16,960 Current Assets $53,000 Long-term Assets 159,000 Total Assets $212,000 Current Liabilities $26,000 Long-term Liabilities 83,000 Total Liabilities 109,000 Common Stock $43,000 Retained Earnings 60,000 Total Stockholders Equity 103,000 Total Liabilities and Stockholders Equity $212,000 What is the companys debt-to-assets ratio
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