***Please use these formulas***

The statement of financial position as of December 31, 2020, for Taube Corporation follows: (all amounts in thousands) Assets Liabilities and Shareholders' Equity Current assets $62,000 Current liabilities $25,000 Non-current assets 100,000 Long-term liabilities 45,000 Shareholders' equity 92,000 Total liabilities and shareholders' equity Total assets $162,000 $162,000 The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $33 million. x Your answer is incorrect. As an alternative to the bank loan, management is considering issuing $33 million six-year bonds. The bonds pay 3% interest semi- annually and would be issued at 90.61 to yield 8%. Determine the company's long-term debt to equity and debt as a percentage of total capitalization ratios if it decides to borrow money using bonds and purchase the equipment. (Round answers to 2 decimal places, e.g. 1.25.) Debt to Equity 0.86 :1 Net Debt as a Percentage of Total Capitalization 0.30 :1 Debt to Equity = Net Debt Shareholders' Equity Interest-Bearing Debt-Cash 1 Shareholders' Equity or 11 Net Debt as a Percentage of Total Capitalization Net Debt Total Capitalization Interest-Bearing Debt Cash Shareholders' Equity + Interest-Bearing Debt Cash