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6. The chief financial officer (CFO) of Padilla Corporation requested that the accounting department prepare a preliminary statement of financial position on December 20, 2024. She knows that certain debt agreements with its creditors require the company to maintain certain ratios. The preliminary statement of financial position follows: Assets Current assets Cash Accounts receivable Prepaid insurance Total current assets Equipment Total assets Padilla Corporation Statement of Financial Position December 20, 2024 $ 25,000 30,000 5,000 60,000 200,000 $260,000 Liabilities Current liabilities Accounts payable Salaries payable Non-current liabilities Bank loan payable Total liabilities Shareholders' equity Common shares Retained earnings Total liabilities and shareholders' equity $20,000 20,000 $90,000 50,000 $40,000 80,000 120,000 140,000 $260,000 The CFO asked her staff to pay $20,000 of the accounts payable on December 21. Calculate the debt to total assets after the company makes this payment, assuming there are no further changes

6. The chief financial officer (CFO) of Padilla Corporation requested that the accounting department prepare a preliminary statement of financial position on December 20,2024 . She knows that certain debt agreements with its creditors require the company to maintain certain ratios. The preliminary statement of financial position follows: The CFO asked her staff to pay $20,000 of the accounts payable on December 21 . Calculate the debt to total assets after the company makes this payment, assuming there are no further changes

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