JP Corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash Accounts...

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JP Corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 56,000 Current liabilities 71,000 Long-term liabilities 76,000 Common stock 161,000 Retained earnings $ 91,000 46,000 116,000 111,000 $364,000 Total liabilities and equity $ 364,000 JP Corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 56,000 Current liabilities 71,000 Long-term liabilities 76,000 Common stock 161,000 Retained earnings $ 91,000 46,000 116,000 111,000 $364,000 Total liabilities and equity $ 364,000