Young, Inc. 2018 Statement of comprehensive income ($ in millions) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 180 Earnings before interest and taxes 599 Less: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings $254 Dividends paid 109 Young Inc Young, Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 2018 Cash $100 $121 Accounts payable $400 $350 Accounts rec. 350 425 Notes payable 390 3701 Inventory 4401 410 Total $7901 $720 Total $890 $956 Long-term debt 500 550 Net fixed assets 1,556 1,704 Common stock 600 5801 Retained earnings 556 810 Total assets $2,446 $2,660 Total liabilities $2,446 $2,6601 What is the total debt ratio for Young for 2018? Multiple Choice Multiple Choice 0.48 0.53 0.82 0.27 0.70