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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc, Note that the firm has no amortization changes, it does not

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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc, Note that the firm has no amortization changes, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Long-term bonds Total liabilities $42,000 Common stock $5,040 Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of \$) Net sales $84,000 Operating costs except depreciation 78.120 Depreciation Earnings before interest and taxes (EBIT) $4.200 Less interest Earnings before taxes (EBT) $3,300 Taxes Net income Refer to Exhibit 4.1. What is the firm's total debt to total capital ratio? Do not round your intermediate calculations: 44.09% 39.09% 39.55% 38.18\% 45.45%

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