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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 Expenses $230,000 219,600

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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 Expenses $230,000 219,600 $ 10,400 Net Income Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Common Stock $ 65,000 195,000 $ 50,000 95,000 $260,000 145,000 $ 55,000 Retained Earnings Total Equity Total Liabilities and Equity What is the company's debt-to-assets ratio? 60,000 115,000 $260,000 1

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