Tamarack Camping Company Has a Common Stock Balance of $50,000

Multiple Choice

Tamarack Camping Company has a common stock balance of $50,000 and retained earnings of $20,000. It has notes payable of $100,000, current notes payable of $25,000, mortgage payable of $200,000, and accounts payable of $50,000. Using this information, calculate its debt to owners' equity ratio.

A) 53.57%
B) 10.71%
C) 42.86%
D) 60%
E) 75%