2 2017 2018 3 Birtle Corporation reports the following statement of financial position information for 2017 and 2018 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2018 2017 Current assets Current liabilities Cash $ 9,279 $ 11,173 Accounts payable $ 41,860 Accounts receivable 23,683 25,760 Notes payable 16,157 Inventory 42,636 46,915 Total $183,148 Total 557,217 Long-term debt $10.00 Fixed assets Owners' equity Net plant and equipment $272.MZ 3297,907 Common stock and paid in surplus 550.000 Retained earnings 200428 Total $250,428 Total assets 5347,645 $381,815 Total abilities and owners' equity $347,645 $ 43,895 16,843 $ 69,548 $ 35,eee 550.000 236, 167 $286,167 5381,815 Based on the statement of financial position given for Birtle f. Calculate the total debt ratio and long-term debt ratio for each year. (Round the final answers to 3 decimal 2018 2017 0.280 times 0.250 Total debt ratio Long-term debt ratio times times 0.115 times 0.110