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  3. the statement of financial position as of december

The statement of financial position as of December 31,2024, for Sheridan Corporation follows: ...

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Accounting

The 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.
(a)
Your answer is incorrect.
Sheridan has a cash balance of $20 million as of December 31,2024. Determine the debt to equity ratio and net debt as a
percentage of total capitalization ratio. Assume that only the company's long-term liabilities are interest bearing. (Round answers
to 2 decimal places, e.g.1.25:1.)
Debt to equity
Net debt as a percentage of total capitalization
Both answers are wrong - please helppp
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