Problem 13 Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total assets Liabilities and Equity 10,000 Accounts payable 21,000 2,000 Notes payable 6,000 5,000 Current liabilities 27,000 44,000 Long-term debt 95,000 61,000 Total liabilities 122,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 33,000 114,000 Equity 53,000 175,000 Total liab. & equity 175,000 Line item Value Sales 79,000 Costs 64,780 - Depreciation 2,000 = EBIT 12,220 - Interest 800 = Taxable income 11,420 Taxes 3,769 = Net income 7,651 Part 1 IB Attempt 1/10 for 10 pts. What is the total debt ratio (including all labilities)? 2+ decimals Submit I Attempt 1/10 for 10 pts. Part 2 What is the times-interest-earned ratio? 1+ decimals Submit