8. Chittum Company presented the following data at the end of 2016 Current liabilities Long-term debt Deferred income taxes Preferred stock Common stock Retained earning $400,000 2,200,000 800,000 320,000 1,420,000 1,080,000 Determine the debt-to-total assets ratio for Chittum, Company (rounded) 9. Freding Company presented the following data at the end of 2016 Net sales revenue Cost of goods sold Operating expenses Income tax rate $550,000 250,000 60,000 25% Determine the company's return on sales (rounded) 10. Herbst Company presented the following data at the end of 2016 Net sales revenue Cost of goods sold Operating expenses Income tax rate $1,100,000 500,000 240,000 25% Determine the company's return on sales (rounded)