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

                                                             Year 2                          Year 1 

Total 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 

Calculate the company’s debt-to-equity ratio at the end of Year 2 .

Answer rating: 100% (QA)

To calculate the debttoequity ratio at the end of Year 2 we need ... View the full answer