The Corrao Company Reports the Following Information What Is the Debt-To-Equity Ratio at December 31,2012?
A) 15

Multiple Choice

The Corrao Company reports the following information:
$\begin{array} { l } \text {Sales for the year ended December 31,2012 }&\$106,950\\ \text {Gross profit for the year ended December 31, 2012 }&\$45,150\\ \text { Net income for the year ended December 31,2012}&\$7,300\\ \text {Total Current Assets, December 31, 2012 }&\$18,700\\ \text {Total Current Liabilities, December 31, 2012 }&\$7,600\\ \text {Total Assets, December 31, 2012 }&\$88,400\\ \text {Total Liabilities, December 31,2012 }&\$20,850\\ \text { Total common shares outstanding, December 31, 2012}&\$1,000\\ \text {Market price per share, December 31, 2012 }&\$75.00\\ \text {Dividends per share, for the year ended December 31,2012 }&\$5.00\\\end{array}$

What is the debt-to-equity ratio at December 31,2012?

A) 15.7%
B) 30.9%
C) 43.1%
D) 75.7%