Cash …………………………………………………………………… …. 50,000
Intangible assets ………………………………………………………… 100,000
Inventory ……………………………………………………………… …. 138,000
Long-term investments …………………………………………………. 160,000
Long-term liabilities ……………………………………………………… 200,000
Short-term investments …………………………………………………. 80,000
Notes payable ……………………………………………………………. 56,000
Property , plant , and equipment …………………………………………… 1,340,000
Prepaid insurance ……………………………………………………….. 2,000
Question 13
Using the following balance sheet and income statement data , what is the debt to assets ratio ?