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Marshall Networks Inc. has a total asset turnover of 2.5 and anet profit margin of 3.5%. The firm has a return on equity of17.5%. Calculate Marshalls debt ratio. a. 30% b. 40% c. 50% d. 60%Use the following information and the percent-of-sales method toAnswer questions 10 -12. Below is the 2004 year-end balance sheetfor Banner Inc. Sales for 2004 were $1600000 and are expected tobe $2000000 during 2005. In addition we know that Banner plansto pay $90000 in 2005 dividends and expects projected net incomeof 4% of sales. (For consistency with the Answer selectionsprovided round your forecast percentages to two decimals.) BannerInc. Balance Sheet December 31 2004 Assets Current assets $890000Net fixed assets 1000000 Total $1890000 Liabilities and OwnersEquity Accounts payable $160000 Accrued expenses 100000 Notespayable 700000 Long-term debt 300000 Total liabilities 1260000Common stock (plus paid-in capital) 360000 Retained earnings270000 Common equity 630000 Total $1890000