Assets Current Assets: Cash and Cash Equivalents $29,000 Account Receivable, Net 31,000 Merchandise Inventory 53.000 Total Current Assets $113,000 Property, Plant, and Equipment, Net 120.000 Total Assets $233,000 Liabilities Current Liabilities: Accounts Payable $4000 Notes Payable 2400 Total Current Liabilities $6400 Long-term Liabilities 87.000 Total Liabilities $93.400 Stockholders' Equity Common Stock $34,000 Retained Earnings 105,600 Total Stockholders' Equity $132.600 Total Liabilities and Stockholders' Equity $233,000 Calculate the debt to equity ratio. 0.40 0 121 0 0.67 .05