Question: Candy Cane Inc., has the following information. Total current assets $2,350, Net fixed assets $4,600, Other assets 500, inventory of $500, Total liabilities $3,900, and

Candy Cane Inc., has the following information.

Total current assets $2,350, Net fixed assets $4,600, Other assets 500, inventory of $500, Total liabilities $3,900, and total equity of $$3,550.

What is the company's debt ratio?

52.35%

49.62%

48.45%

42.68%

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