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$ 10,000 100,000 250,000 $350,000 $ 20,000 Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand

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$ 10,000 100,000 250,000 $350,000 $ 20,000 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 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding is Total Liabilities Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 Additional Capital 110,000 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity 5,000 17,000 42,000 98,000 140,000 20,000 110,000 80,000 210,000 $350,000 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 0.32 0.57 0.38. 0.40. 0.43

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