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50. Kansas Office Supply had $24,000,000 in sales last year. The company's net income was $400,000, its total assets turnover was 6.0, and the company's

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50. Kansas Office Supply had $24,000,000 in sales last year. The company's net income was $400,000, its total assets turnover was 6.0, and the company's ROE was 15 percent. The company is financed entirely with debt and common equity. What is the company's debt ratio? a. 0.20 b. 0.30 c. 0.33 d. 0.60

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