Previous Next > E Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand $ 15,000 Total Current Assets 130,000 Total Fixed Assets 290,000 Total Assets $420,000 Accounts Payable $ 20,000 Overdraft Loan Payable 0 1-Year Bank Loan Payable 5,000 Current Portion of Long-Term Bank Loans 22,000 Total Current Liabilities 47,000 Long-Term Bank Loans Outstanding 153,000 Total Liabilities 200,000 Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 0 20,000 Additional Capital 120,000 120,000 Retained Earnings 60,000 20,000 80,000 Total Shareholder Equity 200,000 +20,000 220,000 Total Liabilities and Shareholder Equity $420,000 Based on the above figures and the definition of the debt-assets ratio presented in the Help section for p. 5 of the Footwear Industry Report, the company's debt-assets ratio (rounded to 2 decimal places) is Couriprathi at the tithe - O 0.46. O 0.45. O 0.40. O 0.42 0.48. 000000000 CAL ON