Please Refer to the Partial Balance Sheet Data Provided Below

Please refer to the partial balance sheet data provided below: Which of the following would be a valid conclusion from the above data?

A) Stockholders' equity was equal to 76.6% of total liabilities in 2014.
B) Stockholders' equity declined to 76.6% of net sales in 2014.
C) Stockholders' equity was up 76.6% over a 2-year period.
D) Stockholders' equity, as a percentage of total liabilities and stockholders' equity, declined over a 2-year period.