1)A firm has total assets of $220,000, long-term liabilities of $60,000, short-term liabilities of $20,000 and total equity of $140,000. What is the company's debt to tangible net worth if the company has $10,000 in goodwill and no other intangible assets?

a.36.4%

b.42.9%

c.57.1%

d.61.5%