The statement of financial position as of December 31, 2024, for Blossom Corporation follows: (all amounts in thousands) Assets Liabilities and Shareholders' Equity Current assets $63,000 Current liabilities $26,000 Non-current assets 96,000 Long-term liabilities 47,000 Shareholders' equity 86,000 Total assets $159,000 Total liabilities and shareholders' equity $159,000 The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $32 million. (a) Your answer is incorrect. Blossom has a cash balance of $21 million as of December 31, 2024. Determine the debt to equity ratio and net debt as a percentage of total capitalization ratio. Assume that only the company's long-term liabilities are interest bearing. (Round answers to 2 decimal places, e.g. 1.25:1.) Debt to equity Net debt as a percentage of total capitalization :1 :1