Frank Crawford Corporation's balance sheet showed the following amounts: Current Liabilities, $15,000? Bonds Payable, $8,000? Lease Obligations, $9,000? and Notes Payable, $5,600 . Total stockholders' equity was $17,000 . The debt-to-equity ratio is:
a. 0.88.
b. 1.18.
c. 0.71.
d. 2.21.
d
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