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7. Portland Concrete Inc.'s recent balance sheet reports total assets of $30,000,000, total liabilities of $12,000,000 and total stockholder's equity of $18,000,000. The debt to

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7. Portland Concrete Inc.'s recent balance sheet reports total assets of $30,000,000, total liabilities of $12,000,000 and total stockholder's equity of $18,000,000. The debt to equity ratio for the period is (rounded to two decimals): A. 0.60 B. 2.25 C. 0.67 D. 1.67 E. 1.50

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