Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities 10,000 100,000 250,000 $350,000 $20,000 2 17,000 42,000 98,000 140,000 Year 11 Balance Year 12 Change Shareholder Equity: Common Stock Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 20,000 110,000 60,000 190,000 20,000 110,000 80,000 210,000 $350,000 20,000 +20,000 Based on the above figures and the definition of the debt-assets ratio presented in the Hel section for p. 5 of the Footwear Industry Report, the company's debt-assets ratio (rounded to decimal places) is 0.32. 0.43. 0.40