A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 54,000 Current liabilities 69,000 Long-term liabilities 74,000 Common stock $ 89,000 21,000 114,000 132,000 $356,000 Total liabilities and equity $356,000 159,000 Retained earnings Multiple Choice 0.45 1.38 2.21