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Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $1,298,000 $1,232,000 Total liabilities
Deacon Corporation has provided the following financial data from its balance sheet and income statement: |
Year 2 | Year 1 | |
Total assets | $1,298,000 | $1,232,000 |
Total liabilities | $610,000 | $462,100 |
Total stockholders' equity | $734,400 | $892,000 |
Net operating income (income before interest and taxes) | $69,903 | |
Interest expense | $35,000 |
The company's debt-to-equity ratio at the end of Year 2 is closest to: |
0.68
0.63
0.52
0.83
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