Question 20 (4 points) 4) Listen Balance Sheet Current assets Cash 1,050,000 Aco receivable not given Inventories 1,500,000 Fixed assets 4,280.000 TOTAL ASSETS 7,500,000 Current liabilities Aco payable not given Long-term debt 2,300,000 Common stock 600.000 Retained earnings 3,900,000 TOTAL LIAR and EQUITX M500,000 O do 5 R T F G F 6 & Y Saved 7 H 8 00 A K Current liabilities Acc payable not given Long-term debt 2,300,000 Common stock 600,000 Retained earnings 3,960,000 TOTAL LIAB and EQUITY 7,500,000 Income Statement Sales 22,500,000 Operating expense 18,680,000 EBIT 3,820,000 Interest expense 230.000 EBT 3,590,000 Taxes 1,436,000. Net income 2,154,000) What is the firm's debt zati02 d+ G operating expense 10,00U, VOU EBIT 3,820,000 Interest expense 230,000 EBT 3,590,000 Taxes 1,436,000 Net income 2,154,000 What is the firm's debt ratio? 92.00% 30.67% 60.80% 91.47% 39.20% Question 21 (4 points) Listen Saved