Durable Plastics Company Had the Following Total Assets, Liabilities, and Equity

Multiple Choice

Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. $$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 430,000 \\\hline \text { Total Liabilities } & 131,000 \\\hline \text { Total Equity } & 299,000 \\\hline\end{array}$$ What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)

A) 30.47%
B) 69.53%
C) 100.00%
D) 43.81%