Just need the very last question answered: The debt ratio after reorganization.

Problem 24 Reorganization The Verbrugge Publishing Company's 2016 balance sheet and income statement are as follows (in millions of dollars). Balance Sheet Current assets Net fixed assets Goodwill S168 Current liabilities $42 153 Advance payments 78 15 Reserves $6 preferred stock, $112.50 par value (1,200,000 shares) $10.50 preferred stock, no par, callable at $150 (60,000 shares) Common stock, $1.50 par value (6,000,000 shares) Retained earnings 135 9 57 $336 Total assets $336 Total claims Income Net sales Operating expense Net operating income Other income EBT Taxes (50%) Net income Dividends on $6 preferred Dividends on $10.50 prefered Income available to common stockholders Verbrugge and its creditors have agreed upon a voluntary reorganization plan. In this plan, each share of the $6 preferred will be exchanged for one share of $2.10 preferred with a par value of $37.00 plus one 10% subordinated income debenture with a par value of $75.5. The $10.50 preferred issue will be retired with cash. a. Construct the projected balance sheet while assuming that reorganization takes place. Show the new preferred stock at its par value. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not $540.0 516.0 24.0 3.0 27.0 13.5 13.5 7.2 0.6 5.7 1,200,000, Round your answers to two decimal places. The projected balance sheet (in millions of dollars) follows: Current assets 159Current liabilities 42 Net fixed assets Advance payments 153 78 Goodwill Reserves 15 Subordinated debentures 90 $2.1 preferred stock, $37 par value (1,200,000 shares)