Damon Corporation Has Provided the Following Data from Its Most

Multiple Choice

Damon Corporation has provided the following data from its most recent balance sheet:

$\begin{array}{lr}\text { Total assets. }&\$ 630,000 \\\text { Total liabilities }&\$ 540,000 \\\text { Total stockholders' equity }&\$ 90,000\end{array}$

The debt-to-equity ratio is closest to:

A) 0.17
B) 6.00
C) 0.86
D) 7.00