this question

Required Information Ratio analysis provides clues to and symptoms of underlying conditions. Ratios, properly interpreted, identify areas requiring further investigation. A ratio expresses a relation between two quantities such as a percent, rate, or proportion. Ratios can be organized into the building blocks of analysis: (i) liquidity and efficiency, (2) solvency, (3) profitability, and (4) market prospects. Current Year Prior Year Income Before Taxes $46,734 $50,321 Income Tax Expense $16,357 $17,612 Net Income $30,377 $32,709 Total Assets $1,051,000 | $1,038,000 Total Liabilities $737,415| $750,791 Total Stockholders' Equity $313,585 $287,209 Knowledge Check 01 A company has total assets of $150,000; total liabilities of $50,000 and total equity of $100,000. What is this company's debt-to-equity ratio