Current assets are $40,000 and long- term assets are $50,000. Total liabilities are $60,000, of which current liabilities are 50%. The debt ratio is:

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The debt ratio is calculated as total liabilities divided by total assets. Total liabilities are $60,000, and total assets are $40,000 (current) + $50,000 (long-term) = $90,000. So, the debt ratio is $60,000 / $90,000 = 0.67.

Current Assets Are $40,000 and Long- Term Assets Are $50,000