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Assets Below are selected financial data on XYZ Industries Inc. Based on these data, what is the book-leverage ratio of XYZ? Select the closest one.

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Assets Below are selected financial data on XYZ Industries Inc. Based on these data, what is the book-leverage ratio of XYZ? Select the closest one. Balance Sheet (in S-billions) Liabilities Cash & Short-Term Investment $30.00 Accounts Payable $25.00 Accounts Receivable $15.00 Short-Term Debt $5.00 Inventory $20.00 Current Maturities of Long-Term Deb $10.00 Other Current Assets $4.00 Other Current Liabilities $18.00 Total Current Assets $69.00 Total Current Liabilities $58.00 Property, Plant & Equipment $300.00 Long-Term Debt $50.00 Less Accumulated Depreciatior ($110.00) Capital Lease Obligations $0.00 Net Property, Plant & Equipme $190.00 Total Debt $50.00 Goodwill & Intangible Assets $10.00 Deferred Taxes ($10.00) Other Long-Term Assets $15.00 Other Long-Term Liabilities $17.00 Total Liabilities $115.00 Shareholders' Equity $169.00 $284.00 Total Liabilities and Shareholders' Eq $284.00 Total Assets OL 21.74% OIL 79.32% III. 32.97% IV. 27.78% OV. 47.02%

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