My answer was wrong...

XYZ company presented the following nancial information for December 31, 2018 and 2017. 2018 2017 Accounts receivable $40,000 $36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 1 14,000 108,000 Total assets 425,000 405,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000 2018 debt to equity ratio is (rounded to one decimal place) Select one: a. 80.0% b. 60.0% C. 40.0% d.77.1%