Question: Selected financial data for Channel Company is provided below: ($ in millions) Sales $50,000 Interest expense 1,000 Income tax expense 2,000 Net income 7,000 Total

Selected financial data for Channel Company is provided below: ($ in millions) Sales $50,000 Interest expense 1,000 Income tax expense 2,000 Net income 7,000 Total assets (beginning of year) 54,000 Total assets (end of year) 60,000 Total liabilities (end of year) 24,000 Total stockholders' equity (end of year) 36,000 What is the debt to equity ratio for Channel Company

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