Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Assets Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans Total Current Liabilities Long-Term Bank Loans Outstanding 5,000 70,000 300,000 3,000 15,000 20,000 55,000 100,000 Year 11 Year 12 Balance Change Shareholder Equity: Common Stock Additional Capital Retained Earnings Total Shareholder Equity135,000 0 10,000 0 110,000 5,000 10,000 25,000 145,000 10,000 110,000 +10,000 Based on the above figures and the formula for calculating the debt-assets ratio, the company's debt-assets ratio (where debt is defined to include both short-term and long-term debt) is 0.45 0.46. 0.127 0.40 0.33