3. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. Assets Current Assets Cash...

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3. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. Assets Current Assets Cash Inventory Accounts Receivables Total Current Assets Non-current Assets Plant and Equipment (Net) Patents (Net) Total Assets Bellingham Incorporated Balance Sheet as of December 31, 2019 0.50 0.87 1.09 1.17 $130,000 80,000 40,000 $250,000 350,000 50,000 $650,000 Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Non-current Liabilities Debt Owner's Equity Common Stock Retained Earnings What is Bellingham's total debt to equity ratio on December 31, 2019? $90,000 110,000 $200,000 150,000 220,000 80,000 Total Liabilities and Owner's Equity $650,000 3. Refer to Bellingham Incorporated's December 31, 2019 Balance Sheet shown below. Assets Current Assets Cash Inventory Accounts Receivables Total Current Assets Non-current Assets Plant and Equipment (Net) Patents (Net) Total Assets Bellingham Incorporated Balance Sheet as of December 31, 2019 0.50 0.87 1.09 1.17 $130,000 80,000 40,000 $250,000 350,000 50,000 $650,000 Liabilities Current Liabilities Accounts Payable Notes Payable Total Current Liabilities Non-current Liabilities Debt Owner's Equity Common Stock Retained Earnings What is Bellingham's total debt to equity ratio on December 31, 2019? $90,000 110,000 $200,000 150,000 220,000 80,000 Total Liabilities and Owner's Equity $650,000

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