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Assets 2012 2013 Cash 45 50 A/R 331 111 ...

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Finance

Assets 2012 2013
Cash 45 50
A/R 331 111
Inventory 197 255
Total 573 416
Net Fixed Assets 1000 1200
Total Assets 1573 1616
Liabilities 2012 2013
Accounts Payable 157 308
Notes Payable 150 125
Total 307 433
Long-Term Debt 500 750
Common Stock 400 400
Retained Earnings 95 125
1302 1708
2013
Sales 3168
Cost of Goods Sold 2534.4
Depreciation 200
EBIT 433.6
Interest 80
Taxes 60
Net Income 293.6

What is the Debt to Equity ratio for 2012 (to nearest 2 decimals)?

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