Darmstadt Company presented the following data at the end of 2019: Current liabilities $450,000 Long-term debt 1,650,000 Deferred income taxes 600,000 Preferred stock 280,000 Common stock 980,000 Retained earnings 945,000 Determine the debt-to-total assets ratio for Darmstadt Company (rounded).

Select one: A. 0.07 B. 0.61 C. 0.35 D. 0.55