finance

Following is the Balance Sheet for Detroit Ironworks and Roofing (all numbers are in millions of dollars) From FY 2019 to 2020 did the Debt (Capitalization) Ratio for Detroit I &R increase or decrease, and by what percent? You must submit/upload formula and calculations for the 2019 and 2020 debt ratio's for credit on this question. a. Increase, 3.2% b. Increase, 6.3% c. Decrease, 4.8% d. decrease, 9.3% e. increase 7.4%