Year 1 $ $ 209,000 89) A portion of Lapore Corporation's Balance Sheet appears bei Year 2 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 27,000 Accrued liabilities 94,000 Notes payable, short term 330,000 Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $4 par value Additional paid-in capital 70,000 Retained earnings 589.000 Total stockholders' equity 1,019.000 Total liabilities & stockholders' equity $ 1,629,000 200,000 30.000 90.000 320,000 280,000 600,000 280,000 610,000 360,000 360,000 70.000 570,000 1,000,000 $ 1,600,000 The company's debt-to-equity ratio at the end of Year 2 is closest to: A) 0.60 B) 0.37 C) 0.39 D) 0.27 90) Wittels Corporation has provided the following data: Total assets Total liabilities Total stockholders' equity Year 2 $ 1,253,000 $ 586,000 $ 667,000 Year 1 $1,230,000 $ 570,000 $ 660,000 In Year 2, the company's net operating income was $42,571, its net income before taxes was $21,571, and its net income was $15,100. The company's equity multiplier is closest to: A) 1.14 B) 0.53 C) 0.88 D) 1.87