Alden Corp Calculate the Debt to Equity Ratio

Multiple Choice

Alden Corp.has the following balances as of December 31,2019: $$\begin{array} { | l | l | } \hline \text { Total Assets } & \$ 110,000 \\\hline \text { Total Liabilities } & 77,000 \\\hline \text { Total Equity } & 43,000 \\\hline\end{array}$$ Calculate the debt to equity ratio.(Round your answer to two decimal points.)

A) 0.64
B) 0.92
C) 1.56
D) 2.56