The following statement of financial position and statement of comprehensive income should be used.

Woodburn, Inc. 2018 Statement of comprehensive income ($ in thousands)
Net Sales	$6,380
Less: Cost of Goods Sold	4,120
Less: Depreciation	360
Earnings Before Interest and Taxes	1,900
Less: Interest Paid	45
Taxable Income	1,855
Less: Taxes	650
Net Income	1,205

Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands)
	2017	2018		2017	2018
Cash	$230	$340	Accounts payable	$850	1,020
Accounts rec.	910	950	Long-term debt	1,650	1,400
Inventory	1,490	1,460	Common stock	2,500	2,200
Total	2,630	$2,750	Retained earnings	820	1,350
Net fixed assets	3,190	3,220
Total assets	$5,820	$5,970	Total liabilities & equity	$5,820	$5,970

What is Woodburn's debt-equity ratio for 2018?

Select one:

A.

.68

B.

.39

C.

.55

D.

.47

E.

.52