Question: 1Chapter 4, Problem 20PC, My question step 13 of 15 Under liabilities.[ (0.031 x 11,668) - (.65 x 245)]. How was the 0.031 calculated? I

1Chapter 4, Problem 20PC, My question step 13 of 15 Under liabilities.[ (0.031 x 11,668) - (.65 x 245)]. How was the 0.031 calculated? I am stuck there. Text book Financial Reporting, Financial Statement Analysis and Valuation 9th Edition

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