The Following Balance Sheet Information Is Provided for Santana Company

The following balance sheet information is provided for Santana Company for Year 2: What is the company's debt to equity ratio (rounded to nearest whole percent) ?
$\begin{array}{|l|r|}\hline \text { Assets }\\\hline \text { Cash } & \$ 5,400 \\\hline \text { Accounts receivable } & 15,500 \\\hline \text { Inventory } & 18,000 \\\hline \text { Prepaid expenses } & 1,600 \\\hline \text { Plant and equipment, net of depreciation } & 20,200 \\\hline \text { Land } & 19,950 \\\hline \text { Total assets } & \$ 80,650 \\\hline\\\hline\text { Liabilities and Stockholders' Equity }\\\hline \text { Accounts payable } & \$ 4,500 \\\hline \text { Salaries payable } & 11,500 \\\hline \text { Bonds payable (Due in 2020) } & 19,000 \\\hline \text { Conmon stock, no par } & 30,000 \\\hline \text { Retained earnings } & 15,650 \\\hline \text { Total liabilities and stockholder' equity } & \$ 80,650 \\\hline\end{array}$

A) 42%
B) 130%
C) 43%
D) 77%