Refer to the 2019 financial statements of Flextuff Rotomolding, Inc. which are presented below. The firms total debt ratio is equal to which of the following?

Select one:

a. 1.937

b. 0.393

c. 0.620

d. 1.632

e. None of the Above

Flextufi Rotomolding, Inc. Balance Sheet Cash Receivables Inventory Total Current Assets Net Fixed Assets Total Assets 12/31/2019 56,000 115,000 302,000 473,000 627,000 1,100,000 Accounts Payable Notes Payable Total Current Liabilities Long-term Debt Com. Stock & Paid in Surplus Retained Earnings Total Liabilities & Equity 125,000 125,000 250,000 432,000 223,000 195,000 1,100,000 Income Statement 12/31/2019 Sales Cost of Sales Gross Profit Other Expenses EBIT Interest Expense Taxes (40%) Net Income 1,364,500 985,000 379,500 194,887 184,613 55,000 129,613 51,845 77,768 Dividends Additions to Ret. Earn. 19,442 58,326