Molly and Steve are discussing the tax treatment of a new partnership client. Under general circumstances, debt is allocated from the partnership to each partner in the following manner: Recourse-capital ratios; nonrecourse-capital ratios. Recourse-profit-sharing ratios; nonrecourse-profit-sharing ratios. Recourse-to partners with the ultimate responsibility for paying the debt; nonrecourse-profit-sharing ratios. Recourse-profit-sharing ratios; nonrecourse-to partners with the ultimate responsibility for paying the debt