Show correct steps, math, and reasoning.

1. Based on the following information, compute the debt/capital ratio.

($) Gross Fixed Assets 300,000

Inventories 136,500

Long Term Debt (Excluding current portion) 134,300

Accrued Expenses 11,850

Accumulated Depreciation 82,310

Notes Payable 32,570

Retained Earnings 89,280

Other short-term Term Debt 4,080

Net Accounts Receivable 105,770

Accounts Payable 65,880

Common Stock ($2 par) 80,000

Additional Paid-in capital 71,600

Cash missing