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Use the information to answer Question 17 - 19. Recent financial statement data for Organic Foods (OF) Inc. is shown below. Current liabilities $ 180
Use the information to answer Question 17 - 19. Recent financial statement data for Organic Foods (OF) Inc. is shown below. Current liabilities $ 180 Income before interest and taxes $ 125 10% Bonds, long-term 360 Interest expense 36 Total liabilities 540 Income before tax 89 Shareholders' equity Income tax 27 Capital stock 200 Net income $ 62 Retained earnings 280 Total shareholders' equity 480 Total liabilities and equity $1,020 OF's debt to equity ratio is (rounded): 1.13. 1.80. 0.75. 0.53
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