A. 0.44. B. 0.36 C. 0.42 D. 0.46 E. 0.43

Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets $ 10,000 130,000 Total Fixed Assets Total Assets 260.000 $390,000 Accounts Payable $ 20.000 Overdraft Loan Payable O 1-Year Bank Loan Payable 5,000 Current Portion of Long-Term Bank Loans 17,000 Total Current Liabilities 42,000 Long-Term Bank Loans Outstanding 138,000 Total Liabilities 180.000 Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 20,000 Additional Capital 110,000 110,000 Retained Earnings 60,000 20,000 80,000 Total Shareholder Equity 190,000 +20.000 210,000 Total Liabilities and Shareholder Equity $390,000 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