Shipley Corporation Has Provided the Following Data from Its Most

Multiple Choice

Shipley Corporation has provided the following data from its most recent balance sheet:
$$\begin{array} { l l l } \text { Tatal assets......... } & \$ 760,000 \\\text { Tatal liabilities } \ldots \ldots \ldots & \$ 590,00\\\text { Tatal stackhalders' equity...... } & \$ 170,000\end{array}$$ The debt-to-equity ratio is closest to:

A) 0.29
B) 3.47
C) 0.22
D) 0.78