Mclaughlin Corporation's most recent balance sheet and Income statement appear below Statement of Financial Position December 31, Year 2 and Year 1 in thousands of dollars Year 2 Year 1 Current assets Cash Accounts receivable 430 300 440 200 Prepaid expenses Total current assets Plant and equipment, net otal assets Liabilities and Stockholders' Eq Accounts payable Accrued liabilities Notes payable, short term otal current liabilities 300 170 320 160 Bonds payable Preferred stock, $100 par value 5% Common stock, $1 Additional paid-in capital--common stock 600 600 600 600 390 otal liabilites & $3,000 $3,030 Income Statement For the Year Ended December 31, Year 2 in thousands of dollars Sales (all on account) Cost of Selling and administrative expense Net operating income expense Net income before taxes Income taxes (30 484 The debt-to-equity ratio at the end of Year 2 is closest to O 0.31 0 0.92 O 058