Young, Inc. 2018 Statement of comprehensive income ($ in millions) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 1801 Earnings before interest and taxes 5991 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings $254 Dividends paid 109 Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 Cash $100 $121 Accounts payable $400 Accounts rec. 350 425 Notes payable 390 Inventory 440 410 Total $790 Total $890 $956 Long-term debt 500 Net fixed assets 1.556 1204 Common stock 600 Retained earnings 556 Total assets $2,446 $2,660 Total liabilities $2.446 2018 $350 370 $7201 550 580 810 $2,660 What is the total debt ratio for Young for 2018? Multiple Choice 0.82 0.48 O 0.27 0.70 0.53