Question: Use the balance sheet data below Current liability $10 Long term debt $40 Deferred tax liability. $1 Deferred stock. $8 Common stock. $10 Premium on

Use the balance sheet data below 

  1. Current liability $10
  2. Long term debt $40
  3. Deferred tax liability. $1
  4. Deferred stock. $8
  5. Common stock. $10
  6. Premium on common stock.$ 18
  7. Retained earnings. $17

  9. Compute the debt ratio.

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