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Maui Travel Agency Balance Sheet January 31, 2017 Assets $ Cash 40,250 18,000 5,000 Accounts Receivable Equipment Acc. Dep. - Equipment Total Assets 500 $ 62.750 Liabilities Acc. Salaries Payable Total Liabilities 5,000 5,000 $ Stockholders' Equity Common Stock Retianed Earnings Total Liabilities and Equity 40,000 17,750 62,750 $ Based on the above balance sheet, calculate the debt-equity ratio. Cash Accounts Receivable Equipment Acc. Dep. - Equipment Total Assets 18,000 5,000 500 $ 62,750 Liabilities Acc. Salaries Payable Total Liabilities 5,000 5,000 $ Stockholders' Equity Common Stock Retianed Earnings Total Liabilities and Equity 40,000 17,750 62,750 $ Based on the above balance sheet, calculate the debt-equity ratio. 0.065 O 0.070 O 0.087 O 0.095