Sheridan is considering borrowing $$33$ million by taking out a six$-$year bank loan that carries $10\%$ interest payable semi$-$annually.

Determine the company's debt to equity and debt as a percentage of total capitalization ratios if it decides to borrow the money

and purchase the equipment. $($Round answers to $2$ decimal places, e$.$g$.1\mathrm{.}25$:$1.)$

Debt to equity

Net debt as a percentage of total capitalizationThe statement of financial position as of December $31,2024,$ for Sheridan Corporation follows:

$($all amounts in thousands$)$

The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $$33$ million.