Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $35500 Net income $41400 Current liabilities

Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $35500 Net income $41400 Current liabilities 15400 Stockholders' equity 77000 Average assets 159500 Total liabilities 41800 Total assets 132000 Average common shares outstanding was 15000.

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