Question: Lenox Company has the following financial data: 2019 2018 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accounts Receivable 1,800 1,600 Merchandise Inventory 1,200 1,000 Prepaid Expenses 1,300 2,100 Total Current Assets 6,300 6,600 Other Assets 13,000 15,000 Total Assets $24,300 $21,600 Liabilities Current Liabilities $ 6,000 $ 8,000 Long-term Liabilities 5,000 3,500 Total Liabilities 10,000 11,500 Stockholders' Equity Common Stock, no par $ 6,500 $ 4,300 Retained Earnings 7,800 5,800 Total Stockholders' Equity 14,300 10,100 Total Liabilities and Stockholders' Equity $24,300 $21,600 2019 Net Sales $ 30,000 Cost of Goods Sold 9,000 Gross Profit 21,000 Operating Expenses 6,000 Operating Income 15,000 Interest Expense 300 Income Before Income Taxes 14,700 Income Tax Expense 2,400 Net Income $12,300 What is the debt to equity ratio for 2019?