Determine the equity to capital ratio for the financing of a potential leveraged buy out of Cheap&Cheerful Grocer.

Use the below financial statement excerpts and assume Cheap&Cheerful's existing net debt will be refinanced.

A) 66.4%

B) 15,058.2

C) 5,944.2

D) 39.5%

10,000.0 235.0 310.0 Equity purchase price Debt issuance fees Advisory fees Debt financing available (multiple of EBITDA) LTM operating profit Depreciation and amortization 6.0 x 970.0 549.0 $ W 785.6 : 12.7 Assets Cash and cash equivalents Investment securities Accounts receivable, net of allowance for doubtful accounts of $2.4 million and $2.7 million, respectively Inventories Current deferred income taxes Prepaid expenses and other current assets Total current assets Property and equipment, net Goodwill and other indefinite-lived intangible assets Other intangible assets, net Non-current deferred income taxes Other non-current assets Total non-current assets Total assets Liabilities and Shareholders' Equity Accounts payable Short-term debt Payroll and related taxes Accrued customer programs Accrued liabilities Accrued income taxes Current deferred income taxes Current portion of long-term debt Total current liabilities Long-term debt, less current portion Non-current deferred income taxes Other non-current liabilities Total non-current liabilities Total liabilities 1,282.1 838.9 122.3 141.3 3,182.9 932.4 7,235.0 8,105.6 39.6 225.1 16,537.7 19,720.6 $ $ 747.5 : 6.4 133.9 368.1 246.4 52.6 80.6 58.2 1,693.7 5,246.9 1,745.1 372.1 7,364.1 9,057.8 10,000.0 235.0 310.0 Equity purchase price Debt issuance fees Advisory fees Debt financing available (multiple of EBITDA) LTM operating profit Depreciation and amortization 6.0 x 970.0 549.0 $ W 785.6 : 12.7 Assets Cash and cash equivalents Investment securities Accounts receivable, net of allowance for doubtful accounts of $2.4 million and $2.7 million, respectively Inventories Current deferred income taxes Prepaid expenses and other current assets Total current assets Property and equipment, net Goodwill and other indefinite-lived intangible assets Other intangible assets, net Non-current deferred income taxes Other non-current assets Total non-current assets Total assets Liabilities and Shareholders' Equity Accounts payable Short-term debt Payroll and related taxes Accrued customer programs Accrued liabilities Accrued income taxes Current deferred income taxes Current portion of long-term debt Total current liabilities Long-term debt, less current portion Non-current deferred income taxes Other non-current liabilities Total non-current liabilities Total liabilities 1,282.1 838.9 122.3 141.3 3,182.9 932.4 7,235.0 8,105.6 39.6 225.1 16,537.7 19,720.6 $ $ 747.5 : 6.4 133.9 368.1 246.4 52.6 80.6 58.2 1,693.7 5,246.9 1,745.1 372.1 7,364.1 9,057.8