(Solved) Tweedle Corporation's most recent balance sheet and income statement appear below:Balance ...

Tweedle Corporation's most recent balance sheet and income statement appear below:

	Year 2	Year 1
Balance Sheet
December 31, Year 2 and Year 1
(in thousands of dollars)
Assets
Current assets:
Cash	$ 140	$ 130
Accounts receivable, net	200	210
Inventory	150	180
Prepaid expenses	20	20
Total current assets	510	540
Plant and equipment, net	950	910
Total assets	$ 1,460	$ 1,450
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 130	$ 150
Accrued liabilities	70	70
Notes payable, short term	70	60
Total current liabilities	270	280
Bonds payable	170	190
Total liabilities	440	470
Stockholders’ equity:
Common stock, $1 par value	200	200
Additional paid-in capital	320	320
Retained earnings	500	460
Total stockholders’ equity	1,020	980
Total liabilities & stockholders’ equity	$ 1,460	$ 1,450

Income Statement
For the Year Ended December 31, Year 2
(in thousands of dollars)
Sales (all on account)	$ 1,190
Cost of goods sold	710
Gross margin	480
Selling and administrative expense	226
Net operating income	254
Interest expense	25
Net income before taxes	229
Income taxes (30%)	69
Net income	$ 160

The debt-to-equity ratio at the end of Year 2 is closest to:

▸ 0.43

▸ 0.24

▸ 0.17

▸ 0.54

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Tweedle Corporation's most recent balance sheet and income statement appear below:Balance ...