Corona Company's balance sheet accounts follow: At December 31 2022 2021 2020 Assets Cash $25,868 $31,163 $31,182
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Question:
Corona Company's balance sheet accounts follow:
At December 31 2022 2021 2020
Assets
Cash $25,868 $31,163 $31,182
Accounts receivable, net 78,034 53,995 41,152
Merchandise inventory 95,120 73,491 46,095
Prepaid expenses 8,330 8,099 3,429
Plant assets, net 241,854 218,932 199,542
Total assets $449,206 $385,680 $321,400
Liabilities and Equity
Accounts payable $108,058 $67,135 $42,849
Long-term notes payable
secured by mortgages 85,791 87,819 71,029
Common stock, $10 par value 162,500 162,500 162,500
Retained earnings 92,857 68,226 45,022
Total liabilities and equity $449,206 $385,680 $321,400
What is Corona Company's debt to equity ratio for 2022?
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