Assume a company provided the following balance sheet:

Current assets: Current liabilities:

Cash $ $80,000$ Accounts payable $ $90,000$

Accounts receivable $50,000$ Accrued liabilities $40,000$

Inventory $150,000$ Total current liabilities $130,000$

Total current assets $280,000$ Bonds payable $110,000$

Property, plant & equipment, net $380,000$ Total liabilities $240,000$

Stockholders$$ equity:

Common stock $170,000$

Retained earnings $250,000$

Total stockholders$$ equity $420,000$

Total assets $ $660,000$ Total liabilities and stockholders$$ equity $ $660,000$

The debt$-$to$-$equity ratio is closest to:

Multiple Choice$23\%.$

$25\%.$

$29\%.$

$27\%.$