At the beginning of the current year, Snell Co. total assets were $254,000 and its total liabilities were $177,200. During the year, the company reported total revenues of $99,000, total expenses of $79,000 and dividends of $8,000. There were no other changes in equity during the year and total assets at the end of the year were $266,000. The company's debt ratio at the end of the current year is:
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At the beginning of the current year, Snell Co. total assets were $254,000 and its total liabilities...
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