Below are selected financial data on Heavyweight Industries Inc.Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt.Based on these data,calculate the debt to enterprise valueratioof Heavyweight.Express the ratio in percentand round to two decimals(do not include the %-sign in your answer).

Question 3 5 points Save Answer Below are selected financial data on Heavyweight Industries Inc. Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt. Based on these data, calculate the debt to enterprise value ratio of Heavyweight. Express the ratio in percent and round to two decimals (do not include the %-sign in your answer) . Basic Share Price Data No. shares outstanding (in billions) 4.00 Last share price (in $) 16.40 Balance Sheet (in $-billions) Assets Liabilities Cash & Short-Term Investments $30.00 Accounts Payable $20.00 Accounts Receivable $45.00 Short-Term Debt $10.00 Inventory $15.00 Current Maturities of Long-Term Debt $15.00 Other Current Assets $4.00 Other Current Liabilities $15.00 Total Current Assets $94.00 Total Current Liabilities $60.00 Property, Plant & Equipment $120.00 Long-Term Debt $80.00 Less Accumulated Depreciation ($40.00) Capital Lease Obligations $0.00 Net Property, Plant & Equipment $80.00 Total Debt $80.00 Goodwill & Intangible Assets $5.00 Deferred Taxes ($12.00) Other Long-Term Assets $17.00 Other Long-Term Liabilities $22.00 Total Liabilities $150.00 Shareholders' Equity $46.00 Total Assets $196.00 Total Liabilities and Shareholders' Equity $196.00