QUESTION 45 What is the firm's total debt to total spital.ratio? Exhibit for questions # 40-50 The balance sheet and income statement shown below are for Koska Inc Note that the firm has no amortization charges, it does not lense any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over Balance Sheet. Million Assets Cash and securities Accounts receivable Investones Total current assets Net plant and equipment Totalanes Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities 2015 $2.500 11.500 16.000 $30.000 $20.000 550,000 $9.500 5.500 2.000 $22.000 55.0 $37.000 $ 2.000 Long-term bonds Total liabilities Common stock Retsed earn Total common equity Total liabilities and equity $13.000 $50.000 Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income 2015 $87,500 81,813 __1.531 $ 4,156 _1375 $ 2,781 973 $ 1,808 Other data: Shares outstanding millions) Common dividends Intrate on notes payable &L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $632.73 6.25% 35% $43.39 2.48.55 6.53.959 . 59.94% d. 62.50% 68.119