This Is South Ltd's Balance Sheet at Year-End

Multiple Choice

This is South Ltd's balance sheet at year-end.
Current assets $140 000
Long-term assets 320 000
Current liabilities 65 000
Long-term liabilities 119 000
Share capital 100 000
Retained earnings 176 000
The equity ratio is:

A) 40%.
B) 43%.
C) 60%.
D) 66%.