Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Liabilities and Equity 8,000 Accounts payable 18,000 2,000 Notes payable 6,000 3,000 Current liabilities 24,000 25,000 Long-term debt 95,000 38,000 Total liabilities 119,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 13,000 114,000 Equity 33,000 152,000 Total liab. & equity 152,000 Machines Real estate Net fixed assets Total assets Line item Value 69,000 56,580 2,000 Sales - Costs - Depreciation = EBIT - Interest = Taxable income - Taxes 10,420 800 9,620 3,175 6,445 = Net income 1 Attempt 1/3 for 8 pts. Part 1 What is the total debt to total capital ratio? 2+ decimals Submit