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Corona Company's balance sheet accounts follow: At December 31 2014 2013 2012 Assets Cash $36,373 $41,673 $41,697 Accounts receivable, net 88,539 64,505 51,667 Merchandise inventory
Corona Company's balance sheet accounts follow: |
At December 31 | 2014 | 2013 | 2012 |
Assets | |||
Cash | $36,373 | $41,673 | $41,697 |
Accounts receivable, net | 88,539 | 64,505 | 51,667 |
Merchandise inventory | 105,625 | 84,001 | 56,610 |
Prepaid expenses | 18,835 | 18,609 | 13,944 |
Plant assets, net | 252,359 | 229,442 | 210,057 |
Total assets | $501,731 | $438,230 | $373,975 |
Liabilities and Equity | |||
Accounts payable | $124,068 | $83,145 | $58,369 |
Long-term notes payable secured by mortgages on plant assets | 101,801 | 103,829 | 86,549 |
Common stock, $10 par value | 167,500 | 167,500 | 167,500 |
Retained earnings | 108,362 | 83,756 | 61,557 |
Total liabilities and equity | $501,731 | $438,230 | $373,975 |
What is Corona Company's debt to equity ratio for 2013?
2.62
0.82
0.61
0.74
0.87
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