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Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $48,979 $54,285 $54,315 Accounts receivable, net 101,145 77,117 64,285 Merchandise inventory
Corona Company's balance sheet accounts follow: |
At December 31 | 2014 | 2013 | 2012 |
Assets | |||
Cash | $48,979 | $54,285 | $54,315 |
Accounts receivable, net | 101,145 | 77,117 | 64,285 |
Merchandise inventory | 118,231 | 96,613 | 69,228 |
Prepaid expenses | 31,441 | 31,221 | 26,562 |
Plant assets, net | 264,965 | 242,054 | 222,675 |
Total assets | $564,761 | $501,290 | $437,065 |
Liabilities and Equity | |||
Accounts payable | $143,280 | $102,357 | $76,993 |
Long-term notes payable secured by mortgages on plant assets | 121,013 | 123,041 | 105,173 |
Common stock, $10 par value | 173,500 | 173,500 | 173,500 |
Retained earnings | 126,968 | 102,392 | 81,399 |
Total liabilities and equity | $564,761 | $501,290 | $437,065 |
What is Corona Company's debt to equity ratio for 2013?
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