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Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total

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Given the following Year 12 balance sheet data for a footwear company: Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities Shareholder Equity: Year 11 Year 12 Balance Change Common Stock 20,000 0 Additional Capital 110,000 Retained Earnings 60,000 20,000 Total Shareholder Equity 190,000 +20,000 Total Liabilities and Shareholder Equity $ 10,000 120,000 240,000 $360,000 $ 22,000 0 5,000 15,000 42,000 108,000 150,000 / 20,000 110,000 80,000 210,000 $360,000 OR Based on the above figures and the definition of the debt-assets ratio presented in the Help section for p. 5 of the Footwear Industry Report, the company's debt-assets ratio (rounded to 2 decimal places) is Copyright by Cobra Boon me Copyro, darbuong, er and party watahu poutro probed ma connes como violation 0.42 0.40. 0.33 0.45. 0.46

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