Answer questions a,b, c and d!

P 7-4 Kaufman Company's balance sheet follows. Assets Current assets Cash Short-term investments-at cost (approximate market) Trade accounts receivable, less allowance of $1,590 Inventories-at lower of cost (average method) or market: Finished merchandise Work in process, raw materials, and supplies $ 13,445 5,239 88,337 113,879 47,036 160,915 8,221 276,157 Prepaid expenses Total current assets Other assets: Receivables, advances, and other assets Intangibles Total other assets Property, plant, and equipment: Land Buildings Machinery and equipment 4,473 2,324 6,797 5,981 78,908 162,425 247,314 106,067 141,247 $424,201 Less allowances for depreciation Net property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Notes payable Trade accounts payable Pension, interest, and other accruals Taxes, other than income taxes Income taxes Total current liabilities Long-term debt, 12% debentures Deferred income taxes Minority interest in subsidiaries Total liabilities Stockholders' equity: Serial preferred Common $5.25 par value Additional paid-in capital Retained earnings Less cost of common shares in treasury Total shareholders' equity Total liabilities and shareholders' equity $ 2,817 23,720 33,219 4,736 3,409 67,901 86,235 8,768 12,075 174,979 9,154 33,540 3,506 203,712 249,912 690 249,222 $424,201 Required a. Compute the debt ratio. b. Compute the debt/equity ratio. c. Compute the ratio of total debt to tangible net worth. d. Comment on the amount of debt that Kaufman Company has