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Tangerine, Inc. provides the following data: Surround, Inc. Comparative Balance Sheet Dec 31, 20X9 Assets Current Assets: Cash and Cash Equivalents $29,000 Account Receivable, Net

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Tangerine, Inc. provides the following data: Surround, Inc. Comparative Balance Sheet Dec 31, 20X9 Assets Current Assets: Cash and Cash Equivalents $29,000 Account Receivable, Net 31,000 Merchandise Inventory 53,000 Total Current Assets $113,000 Property, Plant, and Equipment, Net 120,000 Total Assets $233,000 Liabilities Current Liabilities: Accounts Payable $4900 Notes Payable 2100 Total Current Liabilities $7000 Long-term Liabilities 84,000 Total Liabilities $91.000 Stockholders' Equity Common Stock $38,000 Retained Earnings 104.000 Total Stockholders' Equity $142.000 Total Liabilities and Stockholders' Equity $233,000 Calculate the debt to equity ratio. Calculate the debt to equity ratio. 0.64 0 0.05 0.39 1.24

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