Question 10 Ne

Question 10 < Previous Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable I-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities Shareholder Equity: Common Stock Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity YearM1 Balance 20,000 120,000 60,000 190,000 Year 12 Change 20,000 +20,000 N $ 10,000 150,000 250,000 $400,000 $ 20,000 -5,000 17,000 42,000 138,000 180,000 20,000 120,000 80,000 220,000 $400,000 Based on the above figures-and the definition of the debt-asset? patio presented in the Help section for p. the Footwear Indust 's debt-assets ratio (rounded to 2 decimal places) is