ABC Company has a beginning inventory of 600 units at $9 per unit. The following purchases are made during the year 2020: Units Per Unit March 1 400 $ 11 June 10 600 12 October 25 300 14 December 14 500 15 Total 1,800 Ending inventory on December 31 is 550 units. If total assets, excluding inventories, are $82,000 and total current liabilities are $28,000, and long- term liabilities are $17,000, the debt to equity ratio under the FIFO method is: