Balance Sheet Current assets Cash 820,000 Acc receivable not given Inventories 1,090,000 Fixed assets 3,400,000 TOTAL ASSETS 6,800,000 Current liabilities Acc payable not given Long-term debt 2,000,000 Common stock 950,000 Retained earnings 3,390,000 TOTAL LIAB and EQUITY 6,800,000 Income Statement Sales 20,400,000 Operating expense 16,120,000 EBIT 4,280,000 Interest expense 280,000 EBT 4,000,000 Taxes 1,600,000 Net income 2,400,000 What is the firm's debt ratio

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to: