Rosewood Company had current assets of $582,current liabilities of $433,total assets of $732,and long-term liabilities of $200.What is Rosewood's debt ratio?

Name: Rosewood Company had current assets of $582,current liabilities of $433,total assets of $732,and long-term liabilities of $200.What is Rosewood's debt ratio?
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Question

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Debt Ratio = Total Liabilities / Total Assets
Total Liabilities = Current Liabilities + Long-term Liabilities 
Total Liabilities = $433 + $200 = $633
Debt Ratio = $633 / $732 = 0.86

Rosewood Company Had Current Assets of $582,current Liabilities of $433,total