The following balance sheet information is provided for Santana Company for Year 2: Assets Cash$5000? Accounts receivable 11,150? Inventory 14,500? Prepaid expenses 1300? Plant and equipment, net of depreciation 19,200? Land 13,100? Total assets$64,250? Liabilities and Stockholders' Equity Accounts payable$2610? Salaries payable 8530? Bonds payable (Due in ten years) 10,500? Common stock, no par 18,000? Retained earnings 24,610? Total liabilities and stockholders' equity$64,250? What is the company's debt to equity ratio?
A. 50.79%
B. 35.17%
C. 34.38%
D. 143.76%
Answer: A
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