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The data below are for Goshen Company. Total Assets $ 1 0 , 0 0 0 Income Before Interest And Taxes 1 , 0 0

The data below are for Goshen Company.
Total Assets $10,000
Income Before Interest And Taxes 1,000
Total Equity 4,500
Interest Expense 400
Sales 15,000
Total Liabilities 5,500
Cost of Goods Sold 9,000
Cash 1,200
Accounts Receivable 1,500
Goshen needs a financial ratio that indicates whether its level of leverage is appropriate. What is Goshen Companys DEBT-TO-EQUITY RATIO?
1.22
0.80
0.45
0.55

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