Following is a comparative balance sheet for Wildfire Corporation: Wildfire Corporation Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Cash $ 140,000 $ 90,000 Short-term investments 90,000 80,000 Accounts receivable, net 350,000 220,000 Inventory 500.000 430,000 Prepaid expenses 30,000 30,000 Property, plant, and equipment, net 750,000 500,000 Other assets 280,000 300,000 Total assets $2.140,000 $1,650,000 $ 90,000 Short-term investments 90,000 80,000 Accounts receivable, net 350,000 220,000 Inventory 500,000 430,000 Prepaid expenses Property, plant, and equipment, net 30,000 30,000 750,000 500,000 Other assets 280,000 300.000 Total assets $2,140,000 $1.650.000 Short-term notes payable 5650.000 $670,000 Accounts payable 200.000 225,000 Non-current debi 380,000 220.000 Total liabilities $1 230,000 $1,115,000 Shareholders equity. Common shares $500,000 $500.000 Retained earnings 410.000 35.000 Total shareholders' equity $ 910,000 $535.000 Non-current debt Total liabilities 380,000 220,000 $1,230,000 $1,115,000 Shareholders' equity:. Common shares $500,000 $500,000 Retained earnings 410,000 35,000 Total shareholders' equity $ 910,000 $535,000 Total liabilities and shareholders' equity $2,140,000 $1.650,000 Notes: Net sales (all on credit) and cost of goods sold for the year ended December 31, 2020, were $2,000,000 and $1,200,000, respectively. The number of common shares outstanding has been 50,000 since the company began operations. Calculate the debt ratio for the year ended December 31, 2020. Select one: a. 0.49 b. 0.57 c. 0.43