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: $$\begin{array} { | l | l | } \hline \text { Total assets } & \$ 760,000 \\\hline \text { Total liabilities } & \$ 590,000 \\\hline \text { Total stockholders' equity } & \$ 170,000 \\\hline\end{array}$$ The debt-to-equity ratio is closest to:

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