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Given the following Financial Statement data: Income Statement Data Quarter 1 (in 000s) Sales Revenues $50,000 Operating Profit 14,400 Net Income $9,555 Balance Sheet Data

Given the following Financial Statement data:

Income Statement Data

Quarter 1

(in 000s)

Sales Revenues

$50,000

Operating Profit

14,400

Net Income

$9,555

Balance Sheet Data

Total Current Assets

$70,000

Total Assets

149,000

Total Current Liabilities

26,000

Debt Outstanding (draw against credit line)

45,000

Total Stockholders' Equity

100,000

Other Financial Data

Depreciation

$4,000

Dividend payments

$2,250

Based on the above figures, the company's capital structure (defined as the sum of total debt outstanding and total stockholder's equity) consists of what percentages of debt and equity? The percentages of total capital invested that are debt-financed and equity-financed are among the factors used to determine a company's credit rating, as explained in the Help section for the Comparative Financial Performances presented on p. 7 of the GLO-BUS Statistical Review.)
image text in transcribed image text in transcribed 15% debt and 85% equity or 15:85
image text in transcribed image text in transcribed 45% debt and 55% equity or 45:55
image text in transcribed image text in transcribed 20% debt and 80% equity or 20:80
image text in transcribed image text in transcribed 35% debt and 65% equity or 35:65
image text in transcribed image text in transcribed 31% debt and 69% equity or 31:69

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