What is its debt to assets ratio after transaction recorded

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Question - The Sternin Company reported the following:

Accounts payable $4,800

Inventory 1,200

Cash 4,100

Long-term debt 18,500

Equipment 21,400

If the company purchased $1,300 of equipment on account, what is its debt to assets ratio after the transaction is recorded?

Reference no: EM133183336

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