DEF Inc. financial statements From the information given in the financial statements of DEF Inc., what is the total debt ratio in 2020? 0.26 0.45 0.38 0.54 X fa A DEF Inc. 2020 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation EBIT Interest Taxable Income Taxes Net Income Addition to retained earnings Dividends paid B $9,625 5,225 1,890 $2,510 850 $1,660 581 $1,079 679 $400 C D Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets. E G DEF Inc, Balance Sheet ($in millions) 2020 2019 2020 $260 Accounts payuable $1,150 $2,863 2,600 1,628 3,975 Notes payable 885 Current liabilities $3,750 $4,491 $5,320 $5,120 Long term debt 7,000 7,600 19,300 21,720 Common stock 5,500 5,700 8,370 9,049 Retained earnings $24,620 $26,840 Total liabilieis and equity $24,620 $26,840 H 2019 $1,455 2,460 1,405