An analyst is reviewing the 2015 and 2016 financial statements for Blackstone Industries. She wishes to calculate a ratio that has an income statement item in the numerator and a balance sheet item in the denominator.

A)	Divide the 2016 income statement item amount by the average of the balance sheet item for 2015 and 2016.

B)	Divide the average of the income statement item for 2015 and 2016 by the ending value of the balance sheet item.

C)	Divide the 2016 income statement item amount by the 2016 ending value of the balance sheet item.

D)	Divide the average of the income statement item for 2015 and 2015 by the average of the balance sheet item for 2015 and 2016.