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balance sheet for Gulf Company, at the year ended December 2020 Assets Cash Marketable Securities Receivables Inventories Plant assets (Net) $2,847 900 420,000 1.450 000 955 500 4,221 000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Preferred stock Common stock Retained earnings Treasury stock $1298 800 4,654,400 984,000 2,140,000 882,000 (64.800) Required: Calculate the following for Gulf Company 1. Debt/equity ratio at the end of 2020. 2. Long-Term Debt to Long-Term Capital Ratio at the end of 2020. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B TU U S Paraaranh