Calculate the debt-to equity ratio at December 31: In January, developers invested $1,100,000; borrowed $750,000 for 10 years at 4.25% paying interest only; leased an elevator for $175,000 for a 12 year term at 3.1%, and earned $35,000 and paid a $10,000 dividend.

40/60

45/55

41/59

46/54