Shelby Construction Company (Shelby) is bidding on a new project that requires contract bonds. The completed value of the new project is estimated to be $2 million, which would be added to Shelby's current backlog of $8 million. The company's latest financial statement shows a working capital of $500,000 and a shareholders'/owners' equity of $1 million. What is Shelby's backlog to shareholders'/owners' equity ratio expressed as a percentage of backlog? Available answer options Select only one option A 5% B 10% C 12.5% D 15%