A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Inventory Equipment $51,000 Current liabilities 66,000 Long-term liabilities 71,000 Common stock 156,000 Retained earnings $ 86,000 43,000 111,000 104,000 Total assets 29 $344,000 Total liabilities and equity $344,000 Multiple Choice 0.60 1.36 2.19 0.38 0.63