$\backslash$table$[[$Cash$,$Current Liabilities$],[$Accts$.,$Long Term Debt$],[$Receivable$,$Total Debt$],[$Inventory$,$Common Equity$],[$Tot$.$ Current,$],[$assets$,$Tot. Liabilities & equity$],[$Fixed assets,$],[$Total Assets,$]]$

Based upon the above information, the level of total debt equals:

$$2,100,000$

$$1,800,000$

$$1,200,000$

$$1,000,000$

financial position of the firm should be$,$ the financial manager obtained the following average ratios for the baking indusiry for $2022$:

$\backslash$table$[[$Common equity $/$ total assets,$60\%$