ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 7

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?