(Answered) Question - deacon corporation has provided the following

Accounting

Question - Deacon Corporation has provided the following financial data from its balance sheet and income statement:

Year 2Year 1 Total assets$1,298,000 $1,232,000 Total liabilities$610,000 $462,100 Total stockholders' equity$734,400 $892,000 Net operating income (income before interest and taxes)$69,903 Interest expense$35,000

Find the company's debt-to-equity ratio at the end of Year 2.

0.68

0.63

0.52

0.83

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