Question: Using the following balance sheet and income statement data for Castillo Company, what percentage of the company is financed with debt? Current assets $ 41,000

Using the following balance sheet and income statement data for Castillo Company, what percentage of the company is financed with debt?

Current assets $ 41,000 Net income $ 48,000

Current liabilities 22,000 Stockholders equity 75,000

Average assets 210,000 Total liabilities 125,000

Total assets 200,000

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