Cornucopia's liabilities and equity are shown below: Accounts Payable $500,000 Accrued Expenses 250,000 Short-term Note at 5% 300,000 Long-Term Debt 1,250,000 Common Equity, Book Value 2,500,000 Common Equity, Market Value 6,000,000 Cornucopia's debt ratio is ________. A) .48 B) .32 C) .21 D) .30