Determine the debt ratio based on the information

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Calculate the debt ratio based on the information below. Be sure to label your answer clearly and show all work.

Cash...............................................................100,000

Accounts Payable..........................................40,000

Notes Receivable...........................................20,000

Notes Payable................................................50,000

Sales..............................................................75,000

Common stock...............................................100,000

Retained earnings..........................................300,000

Reference no: EM1310069

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