Galaxy United, Inc. 2009 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less Taxes Net income $5,740 4.030 410 1,300 28 1272 445 $ 827 Galaxy United Inc 2008 and 2009 Balance Sheets $ In thousands 2008 2009 S 65 S 170 Apayable 980 Coorde 1530 1970 Common stock $2.575 $2.990 Red cargo 3.550 3:270 56:20 $5260 Tota Dab & equity 2008 $1,330 Cash Accounts rec Inventory Total Net fixed assets Total ascets 850 720 2009 $1230 520 $3253 $3.145 930 (257 38.25 $6.280 What is the debt equity ratio for 2009 48 20 45 S