Calculate the debt$-$equity ratio by using the information below.

ITEM

$2022$

Accounts Payable

$$729,500$

Long Term Debt

$$1,283,900$

Common Stock $($$$1$ par$)$

$$2,184,000$

Retained Earnings

$$3,227,100$

Calculate the debt$-$equity ratio by using the information below.

ITEM

$2022$

Accounts Payable

$$729,500$

Long Term Debt

$$1,283,900$

Common Stock $($$$1$ par$)$

$$2,184,000$

Retained Earnings

$$3,227,100$

$0\mathrm{.}37$

None of these options are correct

$2\mathrm{.}69$

$0\mathrm{.}11$

$1\mathrm{.}30$