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

Assets
Cash	$	4,050
Accounts receivable		5,350
Inventory		10,250
Prepaid expenses		1,900
Plant and equipment, net of depreciation		17,700
Land		11,700
Total assets	$	50,950
Liabilities and Stockholders' Equity
Accounts payable	$	2,370
Salaries payable		8,940
Bonds payable (Due in 2020)		8,900
Common stock, no par		16,000
Retained earnings		14,740
Total liabilities and stockholders' equity	$	50,950

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

36.79%

152.10%

28.95%

65.74%