ABC Company's balance sheets for 2019 are given below: Janug ASSETS Cash Accounts receivable Inventory Land 12,300 31,900 58,200 82,900 18,700 46,300 69,200 92,400 LIABILITIES EQUITY: Accounts payable Notes payable Common stock Retained earnings 35,400 64,900 39,700 45,300 43,200 48,100 ABC Company's 2019 income statement is given below: Sales revenue Cost of goods sold Salaries expense Interest expense Income tax expense Net income 400,000 285,000 20,000 19,000 ABC Company paid dividends of $28,400 during 2019 and reported a times interest earned ratio of 4.20 for 2019. Calculate ABC Company's debt-to-equity ratio at December 31, 2019 Enter your answer as a number with two places after the decimal point a.., 2.89). Carmen may convert this to three places after the decimal point, which is fine