A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$41,000? Current liabilities$76,000? Accounts receivable 56,000? Long-term liabilities 31,000? Inventory 61,000? Common stock 101,000? Equipment 146,000? Retained earnings 96,000? Total assets$304,000? Total liabilities and equity$304,000?
A. 1.28
B. 0.54
C. 0.65
D. 0.35
E. 2.08
Answer: D
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