At the beginning of the current year, Snell Company's total assets were $289,500, its total liabilities were $195,700, and its total equity was $93,800. At the end of the year, total assets were $300,000, total liabilities were $194,200, and total equity was $105,800. During the year, the company reported total revenues of $133,000 and total expenses of $96,000. During the year, the company paid dividends of $25,000. The company's debt ratio at the end of the current year is: 64.7% 54.5%. 35.3% 148.00% 67.4%