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The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2020

The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2020 and 2019:

2020 2019
Cash $ 10,000 $ 15,000
Net accounts receivable 30,000 25,000
Inventory 43,000 40,000
Prepaid expenses 5,000 7,000
Total current assets 88,000 87,000
Total non-current assets 112,000 114,000
Total current liabilities 70,000 60,000
Total non-current liabilities 40,000 45,000
Common shares 60,000 60,000
Retained earnings 30,000 36,000
Net credit sales 370,000 333,000
Cost of goods sold 150,000 160,000
Gross margin 220,000 173,000
Income from operations 95,000 87,000
Interest expense 8,000 8,000
Net income 70,000 57,000

10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2019, and they were selling for $91.50 on December 31, 2020. Refer to the table above. The debt ratio for Hot Rolled Corporation on December 31, 2020, was:

Select one:

A. .87

B. 0.50

C. 0.55

D. 1.82

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