Question - The 2017 financial statements of Blossom Company contain the following selected data (in millions)
Current assets $76
Total assets 175
Current liabilities 43
Total liabilities 82
Cash 7
Interest expense 5
Income taxes 10
Net income19
What is the debt to assets ratio?
a) 2.13%.
b) 6.0 times.
c) 46.9%.
d) 56.6%.