A Portion of Lapore Corporation's Balance Sheet Appears Below The Company's Debt-To-Equity Ratio at the End of Year 2

A portion of Lapore Corporation's Balance Sheet appears below: $\begin{array}{llll}\text { Liabilities and Stockholders' Equity }&\text { Year } 2 & \text { Year } 1\\\text { Current liabilities: }\\\text { Accounts payable }&209,000 & \$ 200,000 \\\text { Accrued liabilities }&27,000 & 30,000 \\\text { Notes payable, short term }&94,000 & 90,000\\\text { Total current liabilities. }&330,000&320,000\\\text { Bonds payable }&280,000&280,000\\\text { Total liabilities }&610,000&600,000\\\text { Stockholders' equity: }\\\text { Common stock, \$4 par value }&360,000 & 360,000 \\\text { Additional paid-in capital--common stock }&70,000 & 70,000 \\\text { Retained eamings }&589,000 & 570,000\\\text { Total stockholders' equity }&\$1,019,000&\$1,000,000\\\text { Total liabilities \& stockholders' equity }&\$1,629,000&\$1,600,000\end{array}$ The company's debt-to-equity ratio at the end of Year 2 is closest to:

A) 0.60
B) 0.37
C) 0.39
D) 0.27