Here are key figures from the balance sheet of Rome, Inc., at the end of 2014 (amounts in thousands): Rome\'s debt ratio at the end of 2014 is (all amounts are rounded) Solution Debt ratio = total debt/total assets total debt = current liabilities+long term debt total assets = current assets+fixed assets+intangible assets total debt = 600 (current liabilities) +1400 (bonds payable) = 2,000 total assets = 7,000 debt ratio = 2,000/7,000 = 28.57% or 29%.