Question 15 Using the following information from Tyner Company, what is the debt to equity ratio for 2020? Tyner Company Balance Sheet As of June 30 2020 2019 Assets Cash 94,800 Accounts Rec 24,000 51,000 95,800 4,200 41,000 85,800 5,400 92.000 Inventory Prepaid Expenses Property Plant Equip 110,000 4,200 Prepaid Expenses Property, Plant, Equip Total Assets 5,400 92.000 319.000 110.000 285,000 Liabilities and Equity Accounts Payable 21,000 5,000 2,600 15,000 9,000 1,400 29,000 229,000 35.600 319.000 Wages Payable Income Taxes Payable Long-term Notes Payable Common Stock Retained Earnings Total Liab and Equity 69,000 179,000 8.400 285.000 488,000 314,000 Tyner Company Income Statement For Year Ended June 30, 2020 Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Expense 37,600 Other Expense 89.100 Income Tax Expense 174,000 126,700 17.300 30,000 Net Income 960" 0 0 0 0 0