Given the financial information for the A.E. Neuman Corporation. Calculate Debt Equity ratio for 2019

Assets 2019 2018 Cash $45,000 Marketable Securities 175,000 240,000 Accounts Receivable Inventories Investments $50,000 160,000 220,000 275,000 55,000 $760,000 1,550,000 600,000 230,000 70,000 $760,000 1,300,000 450,000 Total current assets Plant and Equipment Less Accumulated Amortization Net plant and Equipment Total Assets $950,000 $850,000 1,710,000 1,610,000 LIABILITIES AND SHAREHOLDERS EQUITY Accounts payable Notes payable Accrued Expenses Income Taxes Payable Bonds Payable (2022) Common Stock (100,000 shares) Retained Earnings Total Liabilities and Shareholders' Equity $85,000 10,000 5,000 10,000 900,000 200,000 $110,000 65,000 30,000 5,000 800,000 200,000 400,000 500,000 $1,710,000 $1,610,000 A.E. Neuman Corporation Income Statement For the Year Ended December 31, 2019 Sales $ 5,500,000 Sales $5,500,000 Less: Cost of Goods Sold 4,200,000 Gross Profit 1,300,000 Less: Selling, General & Administrative 260,000 Expenses Operating profit 1,040,000 Less: Amortization Expense 150,000 Earnings Before Interest and Taxes 890,000 Less: Interest Expense 90,000 Earnings Before Taxes 800,000 Less: Taxes (50%) 400,000 Net Income $400,000 Multiple Choice O 0.69 1.95 1.44 0.78