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The following balance sheet information is provided for Santana Company for Year 2 : Assets Cash $ 5 , 0 0 0 Accounts receivable 1

The following balance sheet information is provided for Santana Company for Year 2:
Assets
Cash $ 5,000
Accounts receivable 11,150
Inventory 14,500
Prepaid expenses 1,300
Plant and equipment, net of depreciation 19,200
Land 13,100
Total assets $ 64,250
Liabilities and Stockholders' Equity
Accounts payable $ 2,610
Salaries payable 8,530
Bonds payable (due in ten years)10,500
Common stock, no par 18,000
Retained earnings 24,610
Total liabilities and stockholders' equity $ 64,250
What is the company's debt to equity ratio?

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