2007 2008 $ 2,820 S 2,570 S 7.875 S 8,100 Balance Sheet (Sin Millions) 2007 2008 Current Assets Current Liabilities Cash S 310 S 405 Accounts receivable 2,640 3,055 Long-term debt Inventory 3.275 3,850 Owners' Equity Total S 6.225 S 7.310 Common stock Fixed assets $10.960 $10,670 Retained earnings Total Total assets $17.185 17.980 Total liabilities and equity Income Statement (S in Millions) Sales S 9,610 Cost of Goods Sold 6.310 Depreciation 1.370 EBIT 1.930 Interest 630 Taxable income 1.300 Taxes 455 Net Income S 845 $5,000 $ 5.250 1,490 2,060 $ 6,490 S 7.310 S 17.185 17.980 What is the DEBT ratio for 2008? O 0.59 O 0.14 O 0.45 O None of the above O 1.11