Jerrod Limited reported the following items on their Balance Sheet:

Unearned Revenue	$ 85,000
Prepaid Rent	56,200
Mortgage liabilities	135,000
Long-term note payable	150,000
Bonds payable	195,000
Other Current Liabilities	23,000
Share capital	125,000
Retained earnings	157,500

The debt to equity ratio for Jerrod (rounded to two decimal places) is:

a. 1.96

b. 1.98

c. 1.22

d. 2.08

e. 1.78