27) The following information is available for the Larry Company:

Net income for the year ended December 31, 2014 $127.4

Total stockholders' equity, December 31, 2014 500.0

Total stockholders' equity December 31, 2013 400.0

Total liabilities December 31, 2014 240.0

Total liabilities December 31, 2013 182.0

What is the debt-to-equity ratio at December 31, 2014?

A) 27%

B) 41%

C) 48%

D) 51%