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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 $ 1,350,500 $ 1,362,300

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

Year 2 Year 1
Total assets $ 1,350,500 $ 1,362,300
Total liabilities $ 616,000 $ 462,300
Total stockholders' equity $ 734,500 $ 900,000
Net operating income (income before interest and taxes) $ 70,097
Interest expense $ 36,000

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

Multiple Choice

0.46

0.51

0.67

0.84

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