Deacon Corporation has provided the following financial data from its balance sheet and income statement:...
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Accounting
Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1 Total assets $ 1,265,000 $ 1,232,900 Total liabilities $ 532,000 $ 460,900 Total stockholders' equity $ 733,000 $ 772,000 Net operating income (income before interest and taxes) $ 68,739 Interest expense $ 25,000 The companys debt-to-equity ratio at the end of Year 2 is closest to:
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0.36
0.61
0.73
0.42
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