Below is selected information from Marker's financial statements:

Dec. 31, Year 2 Dec. 31, Year 1 Cash and short-term investments $1,109,493 $ 745,800 Accounts Receivable (net) 125,850 135,400 Inventories 195,650 175,840 Prepaid Expenses and other current assets 45,300 30,860 Total Current Assets $1,476,293 $1,087,900 Plant, Property and Equipment, net 1,478,320 1,358,700 Intangible Assets 125,600 120,400 Total Assets $3,080,213 $2,567,000 Short-term borrowings $ 25,190 $ 38,108 Current portion of long-term debt 45,000 40,000 Accounts payable 285,400 325,900 Accrued liabilities 916,722 705,891 Income taxes payable 125,400 115,600 Total Current Liabilities $1,397,712 $1,225,499 Long-term Debt 450,000 430,000 Total Liabilities $1,847,712 $1,655,499 Shareholders' Equity $1,232,501 $ 911,501 Total Liabilities and Shareholders' Equity $3,080,213 $2,567,000 Selected Income Statement Data - for the year ending December 31, Year 2: Net Sales $3,210,645 Cost of Goods Sold (2,310,210) Operating Income $ 900,435 Net Income $ 321,000 Selected Statement of Cash Flow Data - for the year ending December 31, Year 2: Cash Flows from Operations $147,513 Interest Expense 42,400 Income Tax Expense 171,607

Marker's Liabilities to Assets Ratio for Year 2 is: a. 60% b. 78% c. 100% d. 105%