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25. Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2. Net sales Cost of goods sold

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25. Refer to the following selected financial information from Shakley's Incorporated. Compute the company's debt-to-equity ratio for Year 2. Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 $ 483,500 277,300 10,700 68,250 47,050 319,100 176,400 142,700 Year 1 $ 427,250 251,120 11,700 53,680 40,900 294,000 168,300 125,700 1.81 1.24. 3.39. 0.81 O 2.24

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