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The following balance sheet information is provided for Santana Company for Year 2: Assets $7,800 Cash Accounts receivable 13,950 Inventory Prepaid expenses Plant and equipment,

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The following balance sheet information is provided for Santana Company for Year 2: Assets $7,800 Cash Accounts receivable 13,950 Inventory Prepaid expenses Plant and equipment, net of depreciation 15,900 2,700 20,600 Land 14,500 $75,450 Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings $ 3,450 7,130 17,500 11,000 36, 370 Total liabilities and stockholders' equity $75,450 ASsets $ 7,800 Cash 13,950 Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation 15,900 2,700 20,600 14, 500 Land Total assets $75,450 Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par $ 3,450 7,130 17,500 11,000 Retained earnings 36,370 $75,450 Total liabilities and stockholders equity What is the company's debt to equity ratio

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