Timberlake Company Has Total Assets, Liabilities, and Shareholders' Equity of $28,000

Multiple Choice

Timberlake Company has total assets, liabilities, and shareholders' equity of $28,000, $15,000, and $21,000, respectively, at the beginning of 2010.At the end of 2010, total assets, liabilities, and shareholders' equity were reported at $24,000, $13,000, and $19,000, respectively.
-What is Timberlake's debt to equity ratio?

A) 0. 70
B) 1. 17
C) 0. 71
D) 1. 13