Question: 16 4 points 01:27:13 A partial balance sheet for Cliffside Apparel Company is shown below. (dollars in thousands) Assets: Liabilities: Cash $60 Accounts payable 170
16 4 points 01:27:13 A partial balance sheet for Cliffside Apparel Company is shown below. (dollars in thousands) Assets: Liabilities: Cash $60 Accounts payable 170 Other liabilities $240 80 Accounts receivable (net) Investments 50 Total current liabilities 320 Inventory 110 200 Long-term liabilities Total liabilities Prepaid rent 25 430 Total current assets 505 Stockholders' equity: Property & Equipment, (net) 255 Common stock 150 Retained earnings 180 Total stockholders' equity 330 Total assets $760 Total liabilities and equity $760 What is the company's debt to equity ratio? (Round your answer to two decimal places) Multiple Choice 0.77 1.30 0.33
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