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Comparative financial statement data for Sunland Corporation and Culver Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022 Sunland

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Comparative financial statement data for Sunland Corporation and Culver Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022 Sunland Corporation Culver Corporation 2022 2022 Net sales $ 2.484.000 $855,600 Cost of goods sold 1,621,500 469,200 Operating expenses 390,540 135,240 Interest expense 12,420 5,244 117.300 Income tax expense 49.680 439,339 200,070 Current assets 734.160 192,825 Plant assets (net) 91,529 46,528 Current liabilities 149.730 56,144 Long-term liabilities Compute the debt to assets ratio for each company for 2022. (Round debt to assets ratio to 1 decimal place, s. 78.9%.) Debt to Assets Ratio Sunland Corporation 96 Culver Corporation 96

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