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Selected data from Ostrander Corporation's financial statements for the years indicated are presented in Thousands. 2010 Operations Net sales $4,175 Cost of goods sold 2,880 Interest expense 50 Income tax 120 Gain on disposal of a segment (net of tax) 210 Net income 385 December 31, 2010 2010 2009 Cash $32 $28 Trading securities 169 172 Accounts receivable (net) 210 204 Merchandise inventory 440 420 Tangible fixed assets 480 440 Total assets 1,397 1,320 Current liabilities 370 368 Total liabilities 790 750 Common stock outstanding 226 210 Retained earnings 381 360 The total debt-to-equity ratio for Ostrander Corporation in 2010 is A. 3.49 B. 1.85 C. 1.30 D. 2.07 |