Question: Act Using the information below, calculate the Debt ratio for Rutgers Inc. based on the information below (if necessary round to the nearest hundredth) Rutgers

Act Using the information below, calculate the Debt ratio for Rutgers Inc. based on the information below (if necessary round to the nearest hundredth) Rutgers Inc. Balance Sheet At December 31, 2021 Cash - $17,000 Accounts Receivable - $28,500 Inventories - $75,000 Total current assets - $120,500 Property Plant & Equip. = $250,000 Total assets = $305,500 Accounts Payable - $40,500 Salaries Payable - $55,000 Debt to bank = $275,000 Total liabilities - $320,500 1.05 tional 0.95 1.36 O 37

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