Bulldog, Inc. has the following balance sheet information for the years ending December 31, 2018 and 2017. Dollar amounts are in thousands of dollars.

2018 2017

Cash and equivalents ($000) $ 9,333 $ 10,386

Accounts receivables 8,960 8,350

Inventories 47,041 36,769

Prepaid & other current assets 512 759

Total current assets $ 65,846 $ 56,264

Fixed assets, net 29,452 19,645

Total assets $ 95,298 $ 75,909

Accounts payable $ 14,294 $ 7,591

Other current liabilities 13,167 12,841

Total current liabilities $ 27,461 $ 20,432

Long-term debt 21,902 17,610

Stockholders' equity 45,935 37,867

Total liabilities & stkholders' equity $ 95,298 $ 75,909

What is the company's financial leverage ratio for 2017?

	a.	2.005
	b.	2.075
	c.	0.232
	d.	1.005