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ABC Inc. has the following data on its year end Balance Sheet: Assets Cash $10,000 Inventory $15,000 Property, Plant, Equipment (net) $500,000 Total Assets $525,000

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ABC Inc. has the following data on its year end Balance Sheet: Assets Cash $10,000 Inventory $15,000 Property, Plant, Equipment (net) $500,000 Total Assets $525,000 Liabilities Accounts Payable Long Term Note Payable $6,000 $300,000 $306,000 Total Liabilities Stockholder's Equity Common Stock Additional Paid in Capital Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity $1,000 $10,000 $208,000 $219,000 $525,000 What is ABC Inc's debt to equity ratio? Round your response to two decimal places. O 1.0 0 1.48 O 1.72 @ 1.40

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