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Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years) Net Income 2,300,488 Revenue 722,560 COGS 239,500 588,000 Income
Balance sheet and income statement data indicate the following: Bonds Payable, 6% (due in 15 years) Net Income 2,300,488 Revenue 722,560 COGS 239,500 588,000 Income tax for year Total Assets 1,227,850 82,000 Interest Payable Total Liabilities 63,000 502,795 Interest Expense 67,000 Interest Receivable 12,109 Base on the data presented above, what is the debt to equity ratio? (Round to two decimal places.) 0.69 O 0.41 1.69 1.44
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