The following balance sheet information is provided for San Juan Company for 2014:

Assets
Cash	$	4,650
Accounts receivable		5,950
Inventory		10,550
Prepaid expenses		2,500
Plant and equipment, net of depreciation		17,400
Land		12,000
Total assets	$	53,050
Liabilities and Stockholders' Equity
Accounts payable	$	2,550
Salaries payable		8,640
Bonds payable (Due in 2020)		10,400
Common stock, no par		16,600
Retained earnings		14,860
Total liabilities and stockholders' equity	$	53,050

What is the company's debt to equity ratio? (Round your final answer to 2 decimal places.)

145.72%

68.63%

33.06%

35.57%