T3J Urban, Inc. provides the following data: T3) Urban, Inc. Comparative Balance Sheet Year Ended Dec 31, 2017 529.000 31.000 53000 $113,000 120.000 $2322.000 Assets Current Assets: Cash and Cash Equivalents Account Receivable, Net Merchandise Inventory Total Current Assets Property. Plant, and Equipment, Net Total Assets Liabilities Current Liabilities: Accounts Payable Notes Payable Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Llabilities and Stockholders' Equity 54,300 2,900 $7,200 84,000 $91,200 I $37,000 104,800 $141,800 $233.000 Calculate the debt to equity ratio (Round your answer to two decimal places.) A) 0.64 B) 1.24 C) 0.39 D) 0.05 14) The financial statements for Lexington Service Company include the following items: 14) 2017 2016 Cash $52,500 $49,000 Short-term Investments 33,000 20.000 Net Accounts Receivable 52.000 51,000 Merchandise Inventory 160,000 46,000 Total Assets 534,000 553,000 Accounts Payable 129,500 126,000 Salaries Payable 25,000 14,000 Long-term Note Payable 58.000 55,000 Compute the current ratio for 2016. (Round answer to two decimal places) A) 666 B) 0.84 C) 3.95 D) 1.19