A corporation reports the following year-end balance sheet data. The company's equity ratio equals:

A corporation reports the following year-end balance sheet data. The company's equity ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 44,000 Current liabilities 58,000 Long-term liabilities 63,000 Common stock 148,000 Retained earnings $313,000 Total liabilities and equity $ 78,000 31,000 103,000 101,000 $313,000 Multiple Choice O 0.35 0.65 O 2.12 O 1.31 O 0.53