(Solved): \begin{tabular}{lrr} & \begin{tabular}{r} End of current year \\ Net sales revenue (all credit) \en ...

\begin{tabular}{lrr} & \begin{tabular}{r} End of current year \\ Net sales revenue (all credit) \end{tabular} & \begin{tabular}{c} End or \\ year \end{tabular} \\ Cost of goods sold & $\$1,320,000$ & \\ Gross profit & $\$825,000$ & \\ Selling/general expenses & $\$495,000$ & \\ Interest expense & $\$280,000$ & \\ Net Income & $\$42,000$ & \\ & $\$173,000$ & \\ Current assets & & \\ Long-term assets & $\$114,000$ & $\$82,000$ \\ Total assets & $\$511,000$ & $\$440,000$ \\ Current liabilities & $\$625,000$ & $\$522,000$ \\ Long-term liabilities & $\$58,000$ & $\$52,000$ \\ Common stockholders' equity & $\$274,000$ & $\$245,000$ \\ Total liabilities and stockholders' equity & $\$293,000$ & $\$225,000$ \\ & $\$625,000$ & $\$522,000$ \end{tabular} Inventory and prepaid expenses account for $\$30,000$ of the current year's current assets. Inventory and prepaid expenses account for $\$30,000$ of the current year's current assets. Average inventory for the current year is $\$36,250$. Average net accounts receivable for the current year is $\$45,000$. There are 35,000 shares of common stock outstanding. Total dividends paid during the current year were $\$17,000$. The market price per share of common stock is $\$20$. What is the debt ratio for the current year?