Deacon Corporation has provided the following financial data from its balance sheet and income statement...
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Accounting
Deacon Corporation has provided the following financial data from its balance sheet and income statement Total assets Total liabilities Total stockholders' equity Year 2 $1,210,100 s 478,000 $ 732,100 Net operating income (income before interest and taxes67,866 $15,000 Year 1 $1,168,100 s 460,100 $708,000 Interest expense The company's debt-to-equity ratio at the end of Year 2 is closest to: Multiple Choice 0.40 0.59 065
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