QUESTION 12 Use the following IS and balance sheots for ABC to calculate the total debt to total assets ratio for the year 2006. ABC Income Statement Ending Dec. 31st $1,800,000 1,080,000 720,000 180,000 500,000 80,000 40,000 90,000 130,000 3,000,000 1,800,000 1,200,000 300,000 500,000 Net Sales coas Gross Prof Markeing Expenses General Administrative (G&AJExpenses Depreciation expense EBIT Interest EBT Taxes Net income 320,000 120,000 200,000 50,000 150,000 130,000 Dividends 70,000 Change in Retained Earnings 80,000 ABC ick Save and Submit to save and submit. Click Save All Answers to save all answers