Given the following information, what is the ratio of liabilities to stockholders' equity?
fixed assets (net) at year-end $400,000
average fixed assets 450,000
total assets 500,000
long-term liabilities 300,000
total liabilities 350,000
total stockholders' equity 250,000
total liabilities and stockholders' equity 500,000
interest expense 5,000
income before income tax 150,000
net income 100,000

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000