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Young, Inc. 2 0 1 8 Statement of comprehensive income ( $ in millions ) Net sales $ 1 , 3 8 4 Less: Cost

Young, Inc. 2018 Statement of comprehensive income ($ in millions)
Net sales $1,384
Less: Cost of goods sold 605
Less: Depreciation 180
Earnings before interest and taxes 599
Less: Interest paid 80
Taxable income 519
Less: Taxes 156
Net income $363
Addition to retained earnings $254
Dividends paid 109
Young, Inc. 2017 and 2018 Statement of financial position ($ in millions)
2017201820172018
Cash $100 $121 Accounts payable $400 $350
Accounts rec. 350425 Notes payable 390370
Inventory 440410 Total $790 $720
Total $890 $956 Long-term debt 500550
Net fixed assets 1,5561,704 Common stock 600580
Retained earnings 556810
Total assets $2,446 $2,660 Total liabilities $2,446 $2,660
What is the debt-equity ratio for 2017?
Question 9 options:
0.48
0.91
1.12
2.15
2.32

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