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At December 31, 2019, Magma Inc. had Long-term Debt of $3,145,000; Shareholders Equity of $5,160,000; and Total Assets of $12,259,000. What was the company's ratio

At December 31, 2019, Magma Inc. had Long-term Debt of $3,145,000; Shareholders Equity of $5,160,000; and Total Assets of $12,259,000. What was the company's ratio of long-term-debt-to-capital?

A. .25x
B. .38x
C. .53x
D. .62x

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