Reference no: EM131888727

Advertising expenditures      78,000

Cost of goods sold 2,433,000

Depreciation      78,000

Gross sales 3,210,000

Interest expenses                                64,000

Lease payment      52,000

Management salary                         240,000

Material purchase                         2,425,000

R&D expenditures                              35,000

Repair and maintenance costs      22,000

Returns and allowances                    48,000

Taxes                                                     51,000

Treasury stock      20,000

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Gross fixed assets            284,950

Inventory                            136,500

Accrued expenses                    11,850

Accumulated depreciation        82,310

Notes payable                         32,570

Preferred stock                            8,000

Retained earnings                    89,280

Current portion of L-T debt            4,080

Long-term debt             134,300

Accounts receivable             105,770

Additional paid-in capital         71,600

Accounts payable                      50830

Common stock ($0.50 par)        60,000

Cash & Equivalents                               ?

Marketable securities    20,500

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What is the proportion ZEBRA’ long-term debt as a percentage of total assets (Debt ratio) as of the end of 2016? If the industry’s median debt ratio was 30 percent, what would be your assessment of ZEBRA’s debt ratio?