Refer to the following selected financial information from Hansen's, LLC. Compute the company's debt-to-equity ratio for Year 2.

Year 2Year 1 Net sales$ 480,000 $ 426,550 Cost of goods sold276,600 250,420 Interest expense10,000 11,000 Net income before tax67,550 52,980 Net income after tax46,350 40,200 Total assets317,700 289,800 Total liabilities179,900 167,600 Total equity137,800 122,200

Anserws: 2.31, 3.48, 1.31, 1.77, .77