Deacon Corporation has provided the following financial data from its balance sheet and income statement:

	Year 2			Year 1
Total assets	$	1,338,300		$	1,346,000
Total liabilities	$	604,000		$	462,000
Total stockholders' equity	$	734,300		$	884,000
Net operating income (income before interest and taxes)	$	69,709
Interest expense	$	34,000

The companys debt-to-equity ratio at the end of Year 2 is closest to:

Multiple Choice

• 0.45

• 0.49

• 0.66

• 0.82