Deacon Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,289,500? $1,265,200? Total liabilities$556,000? $461,200? Total stockholders' equity$733,500? $804,000? Net operating income (income before interest and taxes)$69,224? Interest expense$28,000? The company's debt-to-equity ratio at the end of Year 2 is closest to:
A. 0.62
B. 0.76
C. 0.43
D. 0.40
Answer: B
Business
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