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1 Saved TB MC Qu. 15-207 Data from Lheureux Corporation's most recent ... Data from Lheureux Corporation's most recent balance sheet and the company's income statement appear below: Total assets Total liabilities Total stockholders' equity Year 2 $ 1,440 $ 400 $ 1,040 Year 1 $1,480 $ 450 $ 1,030 ces Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,280 Cost of goods sold 850 Gross margin 430 Selling and administrative expense 355 Net operating income 75 Interest expense 18 Net income before taxes 57 Income taxes (30%) 17 Net income $ 40 The debt-to-equity ratio at the end of Year 2 is closest to: CALAS DE CAPE Net operating income Interest expense Net income before taxes Income taxes (30%) Net income 75 18 57 17 $ 40 The debt-to-equity ratio at the end of Year 2 is closest to Multiple Choice 0.38 0.13 O 0.16 0.43