Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization

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Exhibit 4.1
The balance sheet and income statement shown below are for Koski
Inc. Note that the firm has no amortization charges, it does not
lease any assets, none of its debt must be retired during the next
5 years, and the notes payable will be rolled over.
2021
$3,000
15,000
18,000
$36,000
$24,000
$60,000
$17,160
9,240
6,000
$32,400
$12,000
$44,400
$3,900
11,700
$15,600
$60,000
$66,000
61,380
1,320
$3,300
1,080
$2,220
555
$1,665
500.00
$582.75
6%
25%
$39.96
​
​
​
​
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Refer to Exhibit 4.1. What is the firm's total debt to total
capital ratio? Do not round your intermediate
calculations.
A. 63.75%
B. 48.21%
C. 55.71%
D. 48.75%
E. 53.57%