20) Alden Corp. has the following balances as of December 31, 2019: Total Assets Total Liabilities Total Equity $110,000 67,000 43,000 Calculate the debt to equity ratio. (Round your answer to two decimal points.) A) 0.64 B) 0.92 C) 1.56 D) 2.56 21) Which of the following is TRUE of the comparison between equity securities and debt securities? A) Debt securities represent stock ownership in a company whereas equity securities represent a credit relationship with the company. B) Equity securities may earn dividend revenue whereas debt securities earn interest revenue. Neither debt securities nor equity securities mature at a stated date. D) Both debt securities and equity securities pay interest 22) Trading debt investments include A) debt securities that the investor expects to hold longer than one year or debt securities that are not readily marketable B) investments in debt securities that are not readily marketable and that the investor intends to hold until they mature C) investments in debt securities that the investor intends to hold until they mature D) debt securities that the investor plans to sell in the very near future 23) Greene Corporation pays $500,000 to acquire 40% of the voting stock of Universal Technologies, Inc. on May 5, 2019. This investment will be classified as a(n). A) trading equity investment B) available-for-sale equity investment C) significant influence equity investment D) held-to-maturity equity investment