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Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $67,888 $73,203 $73,242 Accounts receivable, net 120,054 96,035 83,212 Merchandise inventory
Corona Company's balance sheet accounts follow: |
At December 31 | 2014 | 2013 | 2012 |
Assets | |||
Cash | $67,888 | $73,203 | $73,242 |
Accounts receivable, net | 120,054 | 96,035 | 83,212 |
Merchandise inventory | 137,140 | 115,531 | 88,155 |
Prepaid expenses | 50,350 | 50,139 | 45,489 |
Plant assets, net | 283,874 | 260,972 | 241,602 |
Total assets | $659,306 | $595,880 | $531,700 |
Liabilities and Equity | |||
Accounts payable | $172,098 | $132,375 | $104,929 |
Long-term notes payable secured by mortgages on plant assets | 149,831 | 151,859 | 133,109 |
Common stock, $10 par value | 182,500 | 182,500 | 182,500 |
Retained earnings | 154,877 | 129,146 | 111,162 |
Total liabilities and equity | $659,306 | $595,880 | $531,700 |
What is Corona Company's debt to equity ratio for 2013?
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