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Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year2 $1,356,600 $ 622,000 $ 734,600 $70,194 $ 37,000 ear
Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year2 $1,356,600 $ 622,000 $ 734,600 $70,194 $ 37,000 ear 1 Total assets Total liabilities Total stockholders' equity Net operating income (income before interest and taxes) Interest expense $1,378,400 $ 462,400 $ 916,000 The company's debt-to-equity ratio at the end of Year 2 is closest to Multiple Choice 0.46 0.53 0.68 0.85
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