Use the Allstott 2020 income statement and the balance sheet as follows: (Click the icon to view the assets section of the balance sheet.) B: (Click the icon to view the liabilities and shareholders' equity sections of the B (Click the icon to view the income statement.) Requirements 1. Compute the company's debt ratio at December 31, 2020. Select the formula, and then enter the amounts to calculate the debt ratio. (Enter amou Debt ratio in the input fields and then click Check Allstott, Inc. Balance Sheets (Adapted) As at December 31, 2020 and 2019 Increase (Decrease) (dollar amounts in millions) 2020 2019 Amount Percentage $ 1,200 $ 900 $ 300 33.3 % 6 70 240 250 Assets Current assets Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets Total current assets Property, plant and equipment, net Intangible assets Other assets (64) (10) 15 (120) (914) (4.0) 18.5 96 243 81 363 1.785 (33.1) 7.3 121 1,664 3.376 3.611 235 70 15:1 1,011 828 878 722 133 106 14.7 ror Print Done Clear All De Sleels: labuities and equity s section les and si e stateme Liabilities and Shareholders' Equity Current liabilities Accounts payable Income tax payable Short-term debt Other s 1000s 900$ 100 Increase (Decrease December mounts to 39 61 (22) 11 16 (361) 83 Amount Percenta 118 111 70 7 (3) 73 (41) 1,227 1.145 82 72 bols 33.3 300 (64) 189 3.500 1.117 VO 2,944 1036 556 81 191.4 7.8 BO (10) 5844 5, 125 719 140 185 Total current liabilities Long-term debt Other liabilities Total liabilities Shareholders' equity Common shares Retained eamings Accumulated other comprehensive (los) Total shareholders equity B1 53 15 (120) (331) 73 2 2 54 121 235 (8.6) 96 70 5543 (154 1 689 (176) (146) 22 125 178 151 133 108 1391 1515 (124) (82) 147 Total liabilities and shareholders equity $ 7.235 S 6.640 S 595 90 % aber in the Balance sheets.. assets bili i Income statement - X Ide Allstott, Inc. Statements of Income (Adapted) Year Ended December 31, 2020, and 2019 (dollar amounts in millions) 2020 re 2019 bt $ 9,500 $ 9,309 litie 2,509 2,644 Revenues Expenses Food and paper (Cost of goods sold) Payroll and employee benefits Occupancy and other operating expenses General and administrative expenses Interest expense 2,138 2,211 2.375 2,413 1,217 1.148 sy: (1 184 117 (34) 19 Other expense (income), net Income before income taxes om 1,020 285 848 267 Income tax expense s' Net income $ 735 $ 581 ds Print Done