Given the balance sheet below, calculate the Debt to Equity ratio for 2020. ASSETS Current assets Cash and cash equivalents Short-term investments Accounts receivable - net Other receivables Inventory Supplies Prepaid exponses Total current assets Investments Property, plant & equipment - net Land Land improvements Buildings Equipment Less: accumulated depreciation Property, plant & equipment - net Intangible assets Goodwill Other intangible assets Total intangible assets Other assets Total assets Example Corporation Balance Sheet December 31, 2020 $ 2,200 10,000 39,500 1,000 31,000 3,800 1,500 89,000 36,000 5,500 6,500 180,000 201,000 (56,000) 337,000 105,000 200,000 305,000 3,000 $770,000 LIABILITIES Current liabilities Short-term loans payable Current portion of long-term debt Accounts payable Accrued compensation and benefits Income taxes payable Other accrued liabilities Deferred revenues Total current liabilities Long-term liabilities Notes payable Bonds payable Deferred income taxes Total long-term liabilities Total labilities Commitments and contingencies en STOCKHOLDERS' EQUITY Common stock Retained earnings Accum other comprehensive income Less: Treasury stock Total stockholders' equity Total labilities & stockholders' equity $5,000 15,000 20,900 8,500 6.100 4,000 1,500 61,000 20,000 375.000 25,000 420,000 481.000 110,000 220,000 9,000 (50,000) 289.000 $770.000