Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 7,000 Net income $ 15,000 Current

Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $ 7,000 Net income $ 15,000 Current liabilities 4,000 Stockholders equity 21,000 Average assets 44,000 Total liabilities 9,000 Total assets 30,000 Average common shares outstanding was 10,000

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