Eli Lilly sales for his nursery and plant company is $560,000. Ell's net assets (assets - liabilities) will be at 50 percent of sales. His firm will enjoy an 8 percent return on total sales. He will begin the year with $120,000 in the bank. If there is no increase in sales and all other facts remain the same, what would be Els ending cash balance? Ending cash A firm has total assets of $2,000,000. It has $900,000 in long-term debt. The shareholders' equity is $900,000. What is the total debt to asset ratio? Select one: . a. 45% X b. 40% O c. 55% d. 100%