Surround, Inc. provides the following data: Surround, Inc. Comparative Balance Sheet Dec. 31, 2019 Assets Current Assets: Cash and Cash Equivalents $29,000 Account Receivable, Net 31,000 Merchandise Inventory 53,000 Total Current Assets $113,000 Property, Plant, and Equipment, Net 120,000 Total Assets $233,000 Liabilities Current Liabilities: Accounts Payable $4,300 Notes Payable 2,900 Total Current Liabilities $7,200 Long-term Liabilities 90,000 Total Liabilities $97,200 Stockholders' Equity Common Stock $31,000 Retained Earnings 104,800 Total Stockholders' Equity $135,800 Total Liabilities and Stockholders' Equity $233,000 Calculate the debt to equity ratio.
