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Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accountin period: Revenues Expenses $220,000 191,200
Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accountin period: Revenues Expenses $220,000 191,200 Net Income Current Assets Long-term Assets Total Assets $ 60,000 180,000 $ 28,800 $240,000 Current Liabilities $ 44,000 Long-term Liabilities 90,000 Total Liabilities 134,000 Common Stock $ 50,000 Retained Earnings 56,000 Total Equity 106,000 Total Liabilities and Equity $240,000 What is the company's debt-to-assets ratio?
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