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?