Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $36500 Net income $42100 Current liabilities 14800

Using the following balance sheet and income statement data, what is the debt to assets ratio?

Current assets

 $36500

Net income

 $42100

Current liabilities

 14800

Stockholders' equity

 76600

Average assets

 162100

Total liabilities

 56030

Total assets

 130000

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