WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:

Cash	$ 40,000	Current liabilities	$ 75,000
Accounts receivable	55,200	Long-term liabilities	35,200
Inventory	60,000	Common stock	100,000
Equipment	145,000	Retained earnings	90,000
Total assets	$ 300,200	Total liabilities and equity	$ 300,200

Multiple Choice

• 0.58

• 1.10

• 1.22

• 0.37

• 0.63