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Siven the following Year 12 balance sheet data for a footwear company Balance Sheet Data 10 Cash on Hand Total Current Assets Total Fixed Assets

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Siven the following Year 12 balance sheet data for a footwear company Balance Sheet Data 10 Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities 98,000 Long-Term Bank Loans Outstanding Total Liabilities Year 11 Balance Year 12 Shareholder Equity: Common Stock Additional Capital Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 20,000 110,000 60,000 190,000 110,000 20,000 +20,000 210,000 Based on the above figures and the definition of the debt-assets ratio presented in the Help section f decimal places) is or p. 5 of the Footwear Industry Report, the company's debt-assets ratio (rounded to 0.57 0.32 0 40 9144

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