The 2021 and 2022 balance sheets for Blossom Manufacturing Company appear below: 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets Plant & equipment, net Total assets $ 28000 $ 27100 32000 36000 43200 41200 103200 104300 68800 47700 $172000 $152000 $32000 $42000 72000 51936 104000 93936 Current liabilities Noncurrent liabilities Total liabilities Stockholders' equity Common stock Additional paid-In capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 14000 16000 38000 68000 14000 16000 28064 58064 $172000 $152000 What is the debt ratio for 2022? What is the debt ratio for 2022? 34.2% 61.8% 60.5% 100.0%