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Sheridan is considering borrowing $33 million by taking out a six-year bank loan that carries...

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Accounting

Sheridan is considering borrowing $33 million by taking out a six-year bank loan that carries 10% interest payable semi-annually.
Determine the company's debt to equity and debt as a percentage of total capitalization ratios if it decides to borrow the money
and purchase the equipment. (Round answers to 2 decimal places, e.g.1.25:1.)
Debt to equity
Net debt as a percentage of total capitalizationThe statement of financial position as of December 31,2024, for Sheridan Corporation follows:
(all amounts in thousands)
The company's management is evaluating a couple of options to finance the acquisition of new equipment with a cost of $33 million.
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