Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $22400 Net income $44500 Stockholders' Current

Using the following balance sheet and income statement data, what is the debt to assets ratio?Current assets$22400Net inco

Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000. 21.7 percent 43.8 percent 32.9 percent 33.7 percent

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