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:
| Year 2 | Year 1 | |||||
| Total assets | $ | 1,350,500 | $ | 1,362,300 | ||
| Total liabilities | $ | 616,000 | $ | 462,300 | ||
| Total stockholders' equity | $ | 734,500 | $ | 900,000 | ||
| Net operating income (income before interest and taxes) | $ | 70,097 | ||||
| Interest expense | $ | 36,000 | ||||
The companys debt-to-equity ratio at the end of Year 2 is closest to:
Multiple Choice
0.46
0.51
0.67
0.84
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