Canada Ltd has the following summary balance sheet at year-end.

Current assets	$700 000
Non-current assets	1 000 000
Current liabilities	100 000
Non-current liabilities	300 000
Share capital	600 000
Retained earnings	700 000

The debt ratio at year-end is: Round off to the nearest $1.

Select one:

a. 77 %.

b. 24 %.

c. 40 %.

d. 18%.

e. None of the options