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Urban, Inc. provides the following data: Urban, Inc. Comparative Balance Sheet Year Ended Dec. 31, 2017 Assets Current Assets: Cash and Cash Equivalents $29,000 Account

Urban, Inc. provides the following data:

Urban, Inc.

Comparative Balance Sheet

Year Ended Dec. 31, 2017

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

$ 4 comma 200

Notes Payable

2 comma 800

Total Current Liabilities

$ 7 comma 000

Longminus

term

Liabilities

88 comma 000

Total Liabilities

$ 95 comma 000

Stockholders' Equity

Common Stock

$ 37 comma 000

Retained Earnings

101 comma 000

Total Stockholders' Equity

$ 138 comma 000

Total Liabilities and Stockholders' Equity

$ 233 comma 000

Calculate the debt to equity ratio. (Round your answer to two decimal places.)

A.0.41

B.0.69

C.0.05

D.1.19

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