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

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Given the following Year 12 balance sheet data for a footwear company C C 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 Balance Common Stock 20,000 Additional Capital 120,000 Retained Earnings 60,000 Total Shareholder Equity 200,000 Total Liabilities and Shareholder Equity $ 15,000 130,000 290,000 $420,000 $ 20,000 0 5,000 22,000 47,000 153,000 200,000 Year 12 Change 0000000 0 20,000 +20,000 20,000 120,000 80,000 220,000 $420,000 = An O No 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 O 0.42 O 0.45. O 0.48. O 0.46 O 0.40

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