Given the following Year 12 Financial Statement data for a footwear company:

Income Statement Data			Year 12 (in 000s)
Net Revenues from Footwear Sales			$ 340,000
Operating Profit (Loss)			80,000
Net Profit (Loss)			$ 49,000
Balance Sheet Data
Cash on Hand			10,000
Total Current Assets			$ 70,000
Total Assets			320,000
Overdraft Loan Payable			2,000
1-Year Bank Loan Payable			12,000
Current Portion of Long-term Loans			10,000
Total Current Liabilities			36,000
Long-Term Bank Loans Outstanding			90,000
Shareholder Equity:	Year 11 Balance	Year 12 Change
Common Stock	10,000	0	10,000
Additional Capital	120,000	0	120,000
Retained Earnings	30,000	34,000	64,000
Total Shareholder Equity	160,000	+34,000	194,000
Other Financial Data
Depreciation			$12,500
Dividend payments			$15,000

Based on the above figures and the formula for calculating the default-risk ratio found on the Help screen for p. 5 of the Footwear Industry Report and p. 28 of the Player