Given this information: 2019 2020 2019 2020 $3,200 $4,000 $800 $1,000 Cash $4,000 $2,400 Accounts...
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Accounting
Given this information: 2019 2020 2019 2020 $3,200 $4,000 $800 $1,000 Cash $4,000 $2,400 Accounts receivable $14,000 $16,200 Inventory $8,200 $7.900 Prepaid insurance $1,200 $1,600 Equipment $42,000 $47.900 Accum. depreciation ($12,400) ($14,400) Land $10.200 $4.700 $67,200 $66,300 Accounts payable Wages payable Utilities payable Note payable Interest payable $1,400 $2,000 $40,000 $36.000 Common stock $1,600 $1,800 $12,000 $12,000 Retained earnings $8,200 $2.500 $67,200 $66,300 What was the company's debt-to-equity ratio for 2020? O 2.2 O 0.5 2.1 O 1.6 O None of the above
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