Listed below is the ACME Toy Company's Liabilities and Owner's Equity Section from their financial statements.

a. What is the company's debt ratio and interest-bearing debt ratio? show working in xl

b. If the market value of the company is $40 million dollars, what is the firm's debt to value ratio? (Assume the market value of the firm's interst-bearing debt equals its book value) show working in xl

Liabilities
Current liabilities
	AP		12,000,000
	Current Debt		2,500,000
Total Current Liabilities			14,500,000
Long Term Debt			7,500,000
Stockholder's Equiity			14,500,000
			36,500,000