what is tie ratio Balance Sheet (Millions of $) Assets 2019 Cash and securities $ 1,755 Accounts receivable $ 9,660 Inventories $ 13,440 Total current assets $ 24,855 Net plant and equipment $ 17,745 Total assets $ 42,600 Liabilities and Equity Accounts payable $ 7,980 Notes payable $ 6,080 Accruals $ 4,620 Total current liabilities $ 18,680 Long-term bonds $ 11,080 Total debt $ 29,760 Common stock $ 3,500 Retained earnings $ 9,340 Total common equity $ 12,840 Total liabilities and equity $ 42,600 Income Statement (Millions of $) 2019 Net sales $ 58,800 Operating costs except depr'n $ 54,978 Depreciation $ 1,029 Earnings bef int and taxes (EBIT) $ 2,793 Less interest $ 1,050 Earnings before taxes (EBT) $ 1,743 Taxes $ 610 Net income $ 1,133 Other data: Shares outstanding (millions) 175.00 Common dividends $ 509.83 Int rate on notes payable & L-T bonds 0.06 Federal plus state income tax rate 0.35 Year-end stock price 84.78