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The following balance sheet information is provided for Santana Company for Year 2 $4,600 10,750 14,300 1,180 19,000 12,900 $62,650 Assets Cash Accounts receivable Inventory

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The following balance sheet information is provided for Santana Company for Year 2 $4,600 10,750 14,300 1,180 19,000 12,900 $62,650 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's debt to equity ratio? Multiple Choice 49.42% 147.75% 35.97% 31.71%

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