Question: Please help me solve this problem. Here is the complete question. Deacon Corporation has provided the following financial data from its balance sheet and Income

Please help me solve this problem. Here is the complete question.

Please help me solve this problem. Here is the complete question. Deacon

Deacon Corporation has provided the following financial data from its balance sheet and Income statement: Year 2 Year 1 Total assets $1,310,000 $1,247,000 Total liabilities $628,000 $462,600 Total stockholders' equity $734,700 $924,000 Net operating Income (Income before Interest and taxes) $70,388 Interest expense $38,000 The company's debt-to-equity ratio at the end of Year 2 Is closest to: 0.63 0.85 0.50 O 0.68

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