The following balance sheet information is provided for Santana Company for Year 2:

Assets
Cash	$	6,000
Accounts receivable		12,150
Inventory		15,000
Prepaid expenses		1,800
Plant and equipment, net of depreciation		19,700
Land		13,600
Total assets	$	68,250
Liabilities and Stockholders' Equity
Accounts payable	$	2,910
Salaries payable		8,030
Bonds payable (Due in ten years)		13,000
Common stock, no par		15,500
Retained earnings		28,810
Total liabilities and stockholders' equity	$	68,250

What is the company's debt to equity ratio?

A. 33.28%

B. 40.73%

C. 54.03%

D. 135.11%