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The balance sheet and income statement shown below are for Sneaker Inc. Note that the firm has no amortization charges, it does not lease any

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The balance sheet and income statement shown below are for Sneaker Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 3 years and the notes payable will be rolled over Balance Sheet Millions of $) Assets Cash and securities Accounts receivable Investories Total current Net plant and equipment Total Liabilities and Fit Accounts payable Acerals Notes payable Totalement liabilities 2019 $2,500 11,500 16.000 $30,000 $20.000 $50,000 $9,500 5,500 7.000 $22,000 Long-term bonda Total liabilities Common stock $15.000 $37.000 $ 2.000 11.000 $13.009 $50,000 Totalcommon Total liability Income Statement billions of 5) Operating costs scept depreciation Depreciation Earnings befinterest and takes (EBIT) Les interest Earnings before taces (EBT) Taxes 2019 587,500 81,813 1.31 $ 4,156 $ 2,781 $ 1.08 Share outstanding millions) Common dividends Intrate on otswable & L-T bonds Tederalglas vate income tax rate Year and stock price 500.00 5612.73 6.2594 3596 $43.39 What is the fimm's total debt to total capital ratio? 0 48.5596 0 53.9596 0 59.9496 O 62.8096 68.1196

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