Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receivable $ 44,000 $ 42,000 Inventory 32,000 44,000 Net sales 199,000 197,000 Cost of goods sold 116,000 110,000 Total assets 431,000 414,000 Total stockholders' equity 246,000 232,000 Net income 35,000 31,000 TPX Company's 2021 debt to equity ratio is:.
a. 75.20%.
b. 30.97%.
c. 8.28%.
d. 14.23%.
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