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JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,135

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JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,135 $ 13,407 Accounts payable $ 45,166 $ 48,185 Accounts receivable 28,419 30.915 Notes payable 17,773 18.257 Inventory 51,163 56.295 Total $ 62,939 $ 66,442 Total $ 90.717 $100,617 Long-term debt $ 44,000 S 39,000 Owners' equity Common stock and paid-in surplus $ 50,000 $ 50,000 Retained earnings 260.234 302,735 Net plant and equipment $326,456 $357,560 Total $310.234 $352,735 Total liabilities and Total assets $417,173 $458,177 owners' equity $417,173 $458.177 What is the 2015 long-term debt ratio (defined as long-term debt divided by the sum of long-term debt and total owners' equity) for Just Dew It Corp. (approximately) and its interpretation

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