The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. 
-What is the firm's debt ratio?
Definitions:
Personality
The combination of characteristics or qualities that form an individual's distinctive character.
Cognitive Psychologists
Scientists who study mental processes such as perception, memory, thought, and problem-solving.
Hopeless
A state of despair in which an individual perceives little or no possibility of overcoming a situation, often associated with depression.
Rumination
The compulsive focused attention on the symptoms of one's distress, and on its possible causes and consequences, as opposed to its solutions.
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