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Atlantis Inc. provides the following data: Atlantis Inc. Comparative Balance Sheet Year Ended Dec 31, 2015 2015 Assets Current Assets: Cash and Cash Equivalents $29,000

Atlantis Inc. provides the following data:

Atlantis Inc.
Comparative Balance Sheet
Year Ended Dec 31, 2015
2015
Assets
Current Assets:
Cash and Cash Equivalents $29,000
Accounts 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 $4,000
Notes Payable 2,000
Total Current Liabilities $6,000
Long-term Liabilities 84,000
Total Liabilities $90,000
Stockholders' Equity
Common Stock $30,000
Retained Earnings 113,000
Total Stockholders' Equity $143,000
Total Liabilities and Stockholders' Equity $233,000

Calculate the debt to equity ratio.

0.92

1.33

0.60

0.63

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