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

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