Working just off the balance sheet, not including any new debt, and counting their "Due to Shareholders" account as equity, what is Spread the Joy Organics' total liabilities to equity ratio in 20X0?

Review Later

9.06x

0.55x

0.67x

6.89x

SPREAD THE JOY ORGANICS INC. Balance Sheet December 31, 20Xl and 20X0 (Unaudited - See Notice to Reader) \begin{tabular}{|c|c|c|} \hline & 20Xl & 200 \\ \hline \multicolumn{3}{|l|}{ ASSETS } \\ \hline \multicolumn{3}{|l|}{ CURRENT } \\ \hline Cash & 72,517 & 9,146 \\ \hline Sales tax receivable & 15,959 & 12,841 \\ \hline Inventory & 796,513 & 644,587 \\ \hline \multirow[t]{2}{*}{ Accounts receivable } & 362,885 & 308,266 \\ \hline & 1,247,874 & 974,840 \\ \hline \multirow[t]{2}{*}{ EQUIPMENT (Note 3) } & 692,554 & 704,744 \\ \hline & $1,940,428 & $1,679,584 \\ \hline \multicolumn{3}{|l|}{ LIABILITIES } \\ \hline \multicolumn{3}{|l|}{ CURRENT } \\ \hline Accounts payable and accrued liabilities & 324,554 & 226,897 \\ \hline Bank line of credit & 441,589 & 358,733 \\ \hline \multirow[t]{2}{*}{ Salaries payable } & 13,955 & 12,650 \\ \hline & 780,098 & 598,280 \\ \hline \multirow[t]{2}{*}{ DUE TO SHAREHOLDERS } & 914,412 & 914,412 \\ \hline & 1,694,510 & 1,512,692 \\ \hline \multicolumn{3}{|l|}{ SHAREHOLDERS' EQUITY } \\ \hline Share capital (Note 4) & 100 & 100 \\ \hline \multirow[t]{3}{*}{ Retained earnings } & 245,818 & 166,792 \\ \hline & 245,918 & 166,892 \\ \hline & $1,940,428 & $1,679,584 \\ \hline \end{tabular}