KMH Inc. had the following balances on its 12/31/11 balance sheet. Total Assets Total Liabilities Common Stock $ 230,000 $ 85,000 $ 80,000 $ 65,000 $ 145,000 $ 230,000 Retained Earnings Total Owner's equity Total Liabilities & Equity If KMH Inc were to purchase land for $20,000 on credit under an agreement to pay for the land in one year, what would be its debt-to-assets ratio immediately after the purchase? a. 0.42 b. 0.46 c.0.37 d. 0.34