How would I start question #1 on the questions document

AutoSave O Off) Visual imagery_template for Q2_2017 - Compatibility Mode - Excel Search Sign in X File Home Insert Page Layout Formulas Data Review View Help Share Comments LO Tahoma 10 ~ A A = ab Wrap Text General Insert Ex AY O Paste BIU ~ E GEE Merge & Center $ ~ % " Conditional Format as Cell Delete ~ Sort & Find & Formatting Table Styles ~ Format Ideas Sensitivity Filter * Select v Clipboard Font Alignment Number Styles Cells Editing Ideas Sensitivity A10 X V B C D E F G H I J K | L M N 0 P Q R S T U W X Y Debt Ratio = Total Liabilities / Total Assets Given the information, total assets can be computed by adding all items on the RHS [rather than LHS] of balance sheet, including current liabilities, long-term debt, common stock, preferred stock, and retained earnings. This way, you do not have to make any additional or unnecessary assumptions on balance sheet or income statement items to directly I compute the total assets on the LHS of the balance sheet. Step 1: Compute 2008 Current Liabilities given information. Step 2: Compute 2007 Dividend payout ratio, which will stay the same as 2008. Step 3: Debt ratio computation Alternative 1 Alternative 2 Alternative 3 Common Preferred Stock Stock Loan 2007 2008 2008 2008 21 Retained earnings: 2008 Net income Less: Preferred dividend 2008 Earnings available "dividend payout rati 26 27 2008 Common dividend 2008 Addition to RE 28 2007 RE 29 2008 Retained earnings 30 31 PLUS: 2008 32 Current liabilities 33 Long-term debt 34 Preferred stock 35 Common stock 36 Total assets 37 7 Total liabilities [CL+LTD) 38 39 Debt Ratio Question 2 + + 70% C e W X 12:50 PM 11/12/2020AutoSave O Off) 1 ~ () = Visual Imagery_Long Term Financing Decision_042015 - Word Search Sign in X File Home Insert Design Layout References Mailings Review View Help Table Design Layout Share Comments LO Arial A" A Aa AaBbCc[ AaBbCc[ AaBbCc AaBbCcC AaB Find Paste BIUabX x A LA 1 Normal 1 No Spac... Heading 1 Heading 2 Title 41