Canopy Corporation rents out tents for large parties thrown for such things as graduations, weddings, and birthdays. Part of Canopy€™s financial statements for last year is as follows:

Required
What is Canopy Corporation€™s debt-to-equityratio?

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Accounts payable Payroll payable Taxes payable Total current liabilities Notes payable $45,000 5,000 10,000 560,000 20,000 $80,000 Total liabilities Capital stock Retained earnings $250,000 100,000 Total stockholders' equity Total liabilities and stockholders' equity S350,000 S430,000