At the end of 2017, Tammy Inc. had share capital of $20,000 and retained earnings of $140,000, respectively. During 2018, the company reported net income of $60,000 and dividends declared in the amount of $20,000. The company reported a total assets amount of $500,000 at the end of 2018 on its statement of financial position. What was the company's debt to total assets ratio for 2018? 1) 100% O2) 60% 3) 40% 4) 67%